309-313 W Milwaukee St - Apartments FOR SALE


Janesville, WI 53548
$650,000 USD
912-272-5879
309-313 W Milwaukee St, Janesville, WI for Sale
$650,000 USD
Apartments - FOR SALE
1/33
null | 9.94% Cap Rate

309-313 W Milwaukee St
Janesville, WI 53548


HIGHLIGHTS

  • Prime Downtown Janesville WI Location
  • Stable Mixed-Use Income Stream
  • Value-Add Upside

OVERVIEW

Situated on W Milwaukee Street in the heart of downtown Janesville, a walkable corridor with restaurants, retail, and civic amenities.? High foot traffic street with strong visibility for commercial tenants.? Seven income-producing units spanning two asset classes (four residential apartments and three commercial storefronts), providing the kind of diversification that pure residential or pure retail properties cannot offer.? 2025 property taxes of just $4,280, owner-paid utilities capped at residential units only, updated mechanical systems, and a zero landscaping footprint combine to produce a total operating expense ratio well below comparable mixed-use assets.? Residential rents running $225 to $350 below comparable units on the same corridor.? Renovated comps pushing even higher.? One storefront delivered vacant at closing offering a new owner immediate income upside on the retail side.?

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

7

PRICE/UNIT

$92,857

CAP RATE

9.94%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,970 SF

ZONING

B5

APN/PARCEL ID

013-6100464

ASK ABOUT THIS PROPERTY

Nathan OpatzApartment Cash Flow, IncMore Info
912-272-5879

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Nathan OpatzApartment Cash Flow, IncMore Info
912-272-5879

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.