Courtesy of: Dylan A Maitland, RE/MAX Results, dylan@dylanmaitland.com
Courtesy of: Dylan A Maitland, RE/MAX Results, dylan@dylanmaitland.com
$489,900
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Lot: 0.28 Acres
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Other
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$489,900
138 N Main Street Strong mixed-use investment opportunity in the heart of downtown Janesville. This iconic 1900s building offers a stabilized asset with improved tenancy, renovated apartment units, and a long-term State Farm commercial tenant in place. The property includes 7 apartment units and 3 commercial suites. Major capital improvements and deferred maintenance items have already been addressed, including more than $70, 000 in RTU upgrades, creating a near-turnkey investment opportunity with reduced near-term capital needs. The property currently generates $6, 324 per month in rental income, with additional upside through two vacant office suites. The lower level provides 2, 500+ sq. ft. of additional space for storage, future tenant use, or other income-producing possibities, offering further value-add potential for an investor
Courtesy of: Dylan A Maitland, RE/MAX Results, dylan@dylanmaitland.com
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