Investment property available in Janesville - upper/lower duplex with $2,300 gross monthly rent. Originally built as a duplex, lower unit includes 2 beds, 1 full bath, rent will be $1,150/month. Upper unit has 2 beds, 1 full bath, rent is $1,150/month. Month-to-month leases offer flexibility for new owner to raise rents, change lease terms, or convert to 12 month lease with one month's notice. Separate electric and gas meters, shared water meter. Low maintenance building, easily rented units. New in 2014; siding, windows, furnaces, water heaters, electric, and plumbing. Roof new about 2012. Two car detached garage, each tenant uses one garage stall. Long term lower tenant would like to stay and has written notices to be at market rate rent of $1,150 by June 2025(currently $950/month).
Closed
$232,500
1223 Ravine Street, Janesville, WI 53548
4beds
2,596sqft
Multi Family
Built in 1920
-- sqft lot
$247,800 Zestimate®
$90/sqft
$1,032 Estimated rent
Home value
$247,800
$218,000 - $282,000
$1,032/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 30, 2024 at 08:03pm
Listed by:
John Mansur john@mansurrealestate.com,
Mansur Real Estate LLC
Bought with:
Nicholas M Allen
Source: WIREX MLS,MLS#: 1982103
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,596
- Total interior livable area: 2,596 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,840 sqft
Details
- Parcel number: 241 0135200508
- Zoning: R2
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Janesville
- Municipality: Janesville
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2024 | Sold | $232,500-3.1%$90/sqft |
Source:  WIREX MLS #1982103 Report a problem | ||
| 8/30/2024 | Pending sale | $239,900$92/sqft |
Source: WIREX MLS #1982103 Report a problem | ||
| 7/24/2024 | Listed for sale | $239,900+377.1%$92/sqft |
Source: WIREX MLS #1982103 Report a problem | ||
| 3/24/2014 | Sold | $50,280+0.8%$19/sqft |
Source: Public Record Report a problem | ||
| 1/16/2014 | Price change | $49,900-13.8%$19/sqft |
Source: CENTURY 21 Affiliated #1700439 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,247 -0.4% | $249,800 |
| 2023 | $4,265 +11.9% | $249,800 +55.1% |
| 2022 | $3,812 +0.6% | $161,100 +1.4% |
Find assessor info on the county website
Neighborhood: 53548
Nearby schools
GreatSchools rating
- 7/10Washington Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 2/10Franklin Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Parker High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Washington
- Middle: Franklin
- High: Parker
- District: Janesville
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$247,800
2% more+$4,956
With Zillow Showcase(estimated)$252,756