$1,325,000

505 Alan Drive, Mount Horeb, WI 53572

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Well-maintained 8-unit brick apartment building with additional commercially zoned land included, offering future development or expansion potential. This property presents multiple value-add and long-term upside opportunities. The building itself is fully leased with year-to-year leases in place, providing immediate and stable cash flow. Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin-operated laundry system for supplemental income. Each unit features separate electric meters, helping keep operating expenses efficient and transparent. Tenants benefit from basement storage units, adding everyday functionality and desirability. The property also offers a surface outdoor parking lot for convenient tenant parking. Solid brick construction, consistent rental history, and excess commercially zoned land make this a compelling opportunity for investors seeking income today with flexibility for future growth.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 10:03PM
Listing Office:
Stark Company, REALTORS : 6082569011
Listing Agent:
Ken Brenner : 6083459496
MLS ID:
714655735902
  • General: Water Softener
  • Basement: Full
  • A/C: Radiant/Electric
  • General: Brick
  • Parking: 1 Space
  • General: Apartment Building2 Story
  • Originating MLS: WIREX_SCW
  • School District: Mount Horeb
  • County: DANE
  • Zoning: R30606-121-0255-3
  • Utilities: Separate Electric Meters
  • Sewer: Municipal WaterMunicipal Sewer
  • Source: WIREX_SCW

This listing courtesy of Ken Brenner , Stark Company, REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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