309-313 W Milwaukee Street

Janesville, WI 53548
Square Ft.
6,400
$650,000
7-unit mixed-use investment property in the heart of downtown Janesville. Four 1BD/1BA apartments and three street-level retail storefronts totaling 6,400 SF. Listed at $650,000 with a 7.14% current cap rate and 9.94% proforma cap rate. Two retail units leased through April 2027, one storefront delivered vacant at closing. Residential rentsRead MoreRead Less
Presented by: Apartment Cash Flow, Inc. 651-263-3653
Listing Snapshot
Days Online
40
Last Updated
Property Type
Business/Comm
Square Ft.
6,400
Year Built
1900
MLS Number
2022182
30 Days Snapshot Of 53548
$249k
-15%
(avg) sold price
19
+5%
homes sold
34
-61%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Estimated age: 1900, 2 stories, 6,400 square feet, 3,200 leasable square feet, Unit 1 is 1,050 gross square feet, Unit 2 is 1,100 gross square feet, Approximate building dimensions: 50x66
Exterior Features
Brick
Water Features
Municipal water
Heating
Electric, Natural gas
Heating & Cooling
Radiant, Steam
Interior Features
Minimum ceiling height: 0, Maximum ceiling height: 0
Miscellaneous
Gross operating income: $55,800, Annual operating expense: $11,211, Net operating income: $46,389, Unit 1 base annual rent: $637, Unit 2 base annual rent: $637, $7 unit 1 annual rent per square foot, $7 unit 2 annual rent per square foot
Parking
Onsite parking: yes, Parking fees per month: $0, 6-10 spaces
Property
Zoning: B-5
Roof
All flat
Taxes
Tax year: 2025, Net taxes: $4,279
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