170 S Jackson Street
Property Description
Turnkey 5-unit investment opportunity in Janesville with the heavy lifting already completed. Recently converted and approved by the City as a 5 unit property, the building has undergone a full operational reset. Ownership vacated the building, transitioned away from the previous management, completed turnovers and touch ups throughout every unit, and brought in a professional property management company to oversee operations moving forward. Major improvements include a newly installed sprinkler system, brand new landscaping, refreshed units, and significant attention to the overall condition and presentation of the property. Current rent roll is $4,400 per month, with a target of approximately $5,600 per month once the final unit is leased. 4/5 units leased. A strong opportunity for an investor looking to acquire a stabilized multifamily asset with additional income upside and without taking on an immediate renovation or management overhaul...
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $550,000 |
| No. of Units: | 5 |
| Year Built: | 1850 |
| Opportunity Zone: | No |
| Price per unit: | $110,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SCWMLSWI-2033692
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