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Listed price in listed location currency (USD).
$1,375,000

000

MLS® 2017059

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $14,286
Days Active 0
Lot Size 0.32 acres
Approx. Age 1976
MLS® Number 2017059

Property Address: 505 Alan Drive, Mount Horeb, WI, 53572

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2017059
Laundry Level
Central VacNo
FireplaceNo
Acreage0.32
Exterior
GarageNo
Approx. Age1976
BasementFull
Driveway1 Space
Garage Spaces
Heat
A/C
Heating Fuel

Extras

8 Stoves, 8 Refrigerator/Freezers, 8 Air Conditioners, 1 Water Softener, 2 Coin-Operated Washers and Dryers.

Rooms

Family Room:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$1,375,000List Price
  • Commute

Commute

Starting Address
Destination Address
505 Alan Drive, Mount Horeb, WI

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