Presented by...
Carolyn Doering
Mobile: (608) 284-0277
Work: (608) 441-7777
[email protected]

509 E Milwaukee Street,  Janesville,  WI  53545 $799,000 Offer-No Show
509 E Milwaukee Street,  Janesville,  WI  53545
$799,000
Offer-No Show
More Photos
 Property Type Multi Family
 Parcel # 241 0136200480
 County Rock
 Sub Area P14
 Municipality Janesville
 MLS# 1974099
 Listing Date 04/03/2024

MLS Public Remarks  Solid income producing property conveniently located near downtown Janesville. Each unit features 1100 sq ft 3 bedrooms and 1 bath. Basement offers each unit a 12x12 locked storage unit+ 1 storage unit for manager. Coin operated Laundry brings in between $250-$300 monthly. Driveway provides 3 Parking stalls that are currently rented out at $50 each per month. Updates 2016 include 6 furnaces, 6 water heaters, windows, roof, insulation. Updates from 2018- 2024 flooring, paint, lighting. Several long-term tenants, very easily rented. Building just had Fiber Optic installed in 2024. Owner pays common way gas/energy, water and trash services. Tenants cover in unit gas/electric. Seller is licensed Realtor- Related to listing agent
Documents and Related Links  
1) EM Agreement
2) Expense sheet
3) condition report
4) Addendum S
5) mechanicals/improvements list
* 1 Documents Not Available via MLS
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Janesville
  • C/T/V  City
  • Unit #  
  • Directions  W On East Milwaukee- Corner Of Milwaukee And Milton Ave
    • BUILDING INFO  
  • Number of Units  6
  • Year Built  1910
  • # Furnaces  7
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  7
  • # Water Softeners  1
  • # Stoves  6
  • # Refrigerators  6
  • # Dish Washers  6
  • # Washers  3
  • # Dryers  3
  • # Units w/AC  0
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  0
  • Number of 3+ Bedrooms  6
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  16427
  • Net Operating Inc  104040
  • Year  2023
    • ASSESSMENT/SCHOOLS   
  • School District  Janesville
  • High School  Craig
  • Middle  Franklin
  • Elementary  Adams
  • Land Assessment  $33,000
  • Improvements  $445,700
  • Total Assessment  $475,700
  • Net Taxes  $8,294
  • Assessment Year  2023
  • Tax Year  2023
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R-4
  • Subdivision  Central-S. Garfield
  • Name of Lake/River  
  • Est. Total Acres  0.13
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc, Wood or sim. wood floor
  • Unit 2  Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc, Wood or sim. wood floor
  • Unit 3  Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc
  • Unit 4  Dining room, Dishwasher, Range/oven, Refrigerator, Separate Storage Unit Inc, Wood or sim. wood floor
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 3 1 0 m2m $1395 1,110 Street No No Yes
    2 3 1 0 m2m $1395 1,110 1 Space No No Yes
    3 3 1 0 10/31/24 $1395 1,110 1 Space No No Yes
    4 3 1 0 m2m $1395 1,110 Street No No Yes
    Items Included 6 stoves, 6 refrigerators, 6 dishwashers, 5 microwaves, 3 coin operated washers, 3 coin operated dryers.
    Items Excluded  Tenant's personal property
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  Low E Windows
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Block Foundation, Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  Outside, Parking fee
  • Barrier-free Features  Level drive, Level lot
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Condition report on file, Income/Exp Report Avail, Lease(s) on file
  • Miscellaneous  Internet - DSL, Shared laundry



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Rock Realty