Turnkey 5-unit investment opportunity in Janesville with the heavy lifting already completed. Recently converted and approved by the City as a 5 unit property, the building has undergone a full operational reset. Ownership vacated the building, transitioned away from the previous management, completed turnovers and touch ups throughout every unit, and brought in a professional property management company to oversee operations moving forward. Major improvements include a newly installed sprinkler system, brand new landscaping, refreshed units, and significant attention to the overall condition and presentation of the property. Current rent roll is approximately $4,400 per month, with a target of approximately $5,600 per month once the final unit is leased. A strong opportunity for an investor looking to acquire a stabilized multifamily asset with additional income upside and without taking on an immediate renovation or management overhaul.

Listing courtesy of Ferraro Real Estate Team of EXP Realty, LLC



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Last checked: 2026-10-01 04:39 AM UTC