505 Alan Dr, Mount Horeb, WI

Name: 505 Alan Dr, For Sale in Mount Horeb - Zoocasa
Brand: Stark Company, REALTORS
SKU: 2017059
Price: 1275000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,275,000

000

MLS® 2017059

Overview

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 244

Lot Size 0.32 Acres

Approx. Age 1976

MLS® Number 2017059

Property Address: 505 Alan Dr, Mount Horeb, WI, 53572-1852

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. Unit 5-8 Rent=$4, 935/mo

MLS® Number2017059

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1976

BasementFull

Driveway1 space

Garage Spaces

HeatRadiant, Other

A/C

Extras

Map

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