Bought with Real Estate Nerds, LLC
$232,500
$239,900
3.1%For more information regarding the value of a property, please contact us for a free consultation.
1223 Ravine Street Janesville, WI 53548
4 Beds
2 Baths
2,596 SqFt
Key Details
Sold Price $232,500
Property Type Multi-Family
Sub Type 2 story,2 flat-up and down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $89
MLS Listing ID 1982103
Sold Date 09/30/24
Bedrooms 4
Full Baths 2
Year Built 1920
Annual Tax Amount $4,265
Tax Year 2023
Lot Size 7,840 Sqft
Acres 0.18
Property Description
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).
Location
State WI
County Rock
Area Janesville - C
Zoning R2
Direction E Memorial Dr to S on N Pearl St. Property is on corner of N Pearl St and Ravine St.
Rooms
Basement Full
Interior
Heating Forced air
Heat Source Natural Gas
Exterior
Parking Features 2 stall garage
Utilities Available Separate elec meters, Separate gas meters
Building
Water Municipal water, Municipal sewer
Structure Type Vinyl
Schools
Elementary Schools Washington
Middle Schools Franklin
High Schools Parker
School District Janesville
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