505 Alan Drive, Mount Horeb, WI 53572
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505 Alan Drive, Mount Horeb, WI 53572
505 Alan Drive, Mount Horeb, WI 53572
505 Alan Drive, Mount Horeb, WI 53572
505 Alan Drive, Mount Horeb, WI 53572
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Tu Le

Tu Le

+1(608) 535-0006
Listed by Stark Company, REALTORS • Pref: 608-345-9496
$ 1,325,000
Est. payment /mo
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Price Dropped by $50K

505 Alan Drive Mount Horeb, WI 53572

8 Beds

4 Baths

3,200 SqFt

Open House

Sat Apr 18, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 story

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $414

MLS Listing ID 2017059

Bedrooms 8

Full Baths 4

Year Built 1976

Annual Tax Amount $14,286

Tax Year 2024

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Apartment building,2 story

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.

Location

State WI

County Dane

Area Mount Horeb - V

Zoning R3

Direction Hwy 18/151 to Springdale St, right on 78 North, right on Durtschi Dr, left on Alan Dr

Rooms

Basement Full

Interior

Heating Radiant

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

Heat Source Other

Exterior

Parking Features 1 space

Utilities Available Separate elec meters

Building

Water Municipal sewer, Municipal water

Structure Type Brick

Schools

Elementary Schools Mount Horeb

Middle Schools Mount Horeb

High Schools Mount Horeb

School District Mount Horeb

South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved

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505 Alan Drive