4 bedroom house for sale

Overview

Investment property available in Janesville - upper/lower duplex with $2, 100 gross monthly rent. Lower unit has 4 bedrooms, 1 full bath, rent is $1, 275/month, lease expires end of May 2025. Upper unit has 1 bedroom, 1 full bath, rent is $825/month, month-to-month lease. Month-to-month, flexibility for new owner to raise rents, change lease terms, or convert to 12 month lease with one month's notice. Tenants pay for electricity and gas and owner currently pays for water/sewer and lawn/snow. Separate electric and gas meters, shared water meter. Roof/siding/windows new in 2018, updated electric and plumbing. Notice was given to the upper unit that rent is increasing from $775 to $825 on September 1st, 2024.