Investment property available in Janesville - upper/lower duplex with $2,400 gross monthly rent(currently at $2,200/month). Lower unit includes 3 beds, 1 full bath, rent is $1,200/month(notice given to be at $1,250 by 1-1-25 and $1,300 by 6-1-25). Long-term tenants in upper unit have 3 beds, 1 full bath, rent is $1,000/month(notice given to be at $1,100 by 6-1-25). Month-to-month leases for both units offer flexibility for new owner to raise rents, change lease terms, or convert to 12 month lease with one month's notice. Separate electric/gas meters, shared water meter, but easily split. Low maintenance building, easily rented units. Roof, windows, siding new about 2020. Lower unit completely gutted in 2024, new everything. New water/sewer entire building. Front/rear entrances rebuilt.
Closed
$225,000
321 West Racine Street, Janesville, WI 53548
6beds
1,680sqft
Multi Family
Built in 1905
-- sqft lot
$240,000 Zestimate®
$134/sqft
$1,292 Estimated rent
Home value
$240,000
$216,000 - $264,000
$1,292/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 04, 2024 at 08:02pm
Listed by:
John Mansur john@mansurrealestate.com,
Mansur Real Estate LLC
Bought with:
Melanny Gutierrez
Source: WIREX MLS,MLS#: 1982133
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car, Detached, 2 Space
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,276 sqft
Details
- Parcel number: 241 0136300512
- 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: 1905
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 |
|---|---|---|
| 9/4/2024 | Sold | $225,000$134/sqft |
Source:  WIREX MLS #1982133 Report a problem | ||
| 7/28/2024 | Pending sale | $225,000$134/sqft |
Source: WIREX MLS #1982133 Report a problem | ||
| 7/24/2024 | Listed for sale | $225,000+87.5%$134/sqft |
Source: WIREX MLS #1982133 Report a problem | ||
| 11/18/2022 | Sold | $120,000-13.7%$71/sqft |
Source: WIREX MLS #1935232 Report a problem | ||
| 10/27/2022 | Pending sale | $139,000$83/sqft |
Source: WIREX MLS #1935232 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,242 -4.3% | $133,700 -3.7% |
| 2023 | $2,342 +7.7% | $138,800 +49.2% |
| 2022 | $2,174 -19.1% | $93,000 |
Find assessor info on the county website
Neighborhood: 53548
Nearby schools
GreatSchools rating
- 1/10Wilson Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Edison Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Craig High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Wilson
- 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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$240,000
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