1223 Ravine Street, Janesville

$232,500

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

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).

Mansur Real Estate Llc.

Essential Information
Status Sold
Detailed Status Sold 9/30/2024
Days on Market 36
MLS® # 1982103
Price $232,500
Year Built 1920
Type Multi Family
Assessed Value $249,800
Year Assesed 2023
Net Taxes $4,265
Tax Year 2023
Total Income $27,600
Total Expenses $8,535
Net OP Income $19,065
Utilities Separate elec meters, Separate gas meters
Parking Per Unit 550
Exterior Vinyl
Community Information
Address 1223 Ravine Street
MLS® Area JANESVILLE - C
County Rock
State WI
Zip Code 53548
School Information
District Janesville
Elementary Washington
Middle Franklin
High Parker
Property Overview
2 Bedroom Units 2
Total Units 2
# of Water Heaters 2
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
Unit 1 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires Mo-to-Mo
Monthly Rent $1,150
Square Feet 1,298
Parking 1 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires Mo-to-Mo
Monthly Rent $1,150
Square Feet 1,298
Parking 1 Car Garage
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning R2
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Active to Sold
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data provided by the South Central Wisconsin MLS as of 04/24/2025.

Copyright 2025 – (South Central Wisconsin MLS) – All Rights Reserved

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