505 Alan Drive, Mount Horeb, WI 53572

Mount Horeb
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
Listed by: ken brenner
Office: stark company, realtors
MLS#:2017059
Source:Metro MLS
505 Alan Drive,Mount Horeb, WI 53572
$1,325,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,325,000

About this home

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.

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Home facts

  • Year built:1976
  • Listing ID #:2017059
  • Added:147 day(s) ago
  • Updated:July 21, 2026 at 03:24 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Heating:Radiant/Electric

Structure and exterior

  • Year built:1976
  • Lot area:0.32 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Mount Horeb
  • Middle school:Mount Horeb
  • Elementary school:Mount Horeb

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,325,000
  • Tax amount:$14,286 (2024)

Features and amenities

  • Amenities:Separate Electric Meters, Water Softener

Parking

  • Parking description:1 Space
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