3912 Hackbarth RdJanesville, WI 53548

  • Other commercial real estate
  • 7,892 SF
For Sale
$900,000 View listing

Property Details for 3912 Hackbarth Rd

Year built
1952
Lot size
1.75 AC
Property size (Sq ft)
7,892 SF
Property type
Other commercial real estate
APN
6-8-135.3
APU
681353

Description

This exceptional 7,892 square foot commercial property located at 3912 N Hackbarth Road, Janesville, Wisconsin, presents a unique investment opportunity. Situated on a 1.75-acre lot, this charming retro-style motel boasts 23 individual units, offering significant rental income potential. Beyond the rental revenue stream, the property's appeal extends to vacationers, promising a diverse income base. The motel features attractive amenities including a hot tub and a covered patio, enhancing guest experience. A productive vegetable garden adds a unique touch, and on-site manager/owner living quarters provide convenient oversight. While some upgrades are needed, the property's strong foundation and considerable potential make it an attractive proposition for savvy investors. The asking price is $900,000. This is a chance to acquire a well-located property with substantial upside in a desirable Wisconsin market. The property's existing infrastructure and amenities provide a solid base for future growth and profitability. Serious inquiries are encouraged to explore this promising investment opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,631,070
    Hospitality
    $1,494,052
    Educational
    $1,243,034
    Medical
    $1,285,783
    Retail
    $1,933,608
3912 Hackbarth Rd, Janesville, Wisconsin

Location Insight

City
Janesville
County
Rock
State
Wisconsin
Latitude
42.7294
Longitude
-89.0634
CBSA code
27500
CBSA name
JANESVILLE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,526
$77,000
$232,500
$309,500
-
-
-
$299,400

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