505 Alan Drive, Mount Horeb, WI, 53572

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.

• Days on Market73
• Lot Size, acres0.32
• Year built1976
• Parcel Number0606-121-0255-3
• HeatingRadiant
• UtilitiesSeparate elec meters
• FeaturesCommon Area
• Water SourcePublic
• Tax Year2024
• SewerPublic Sewer
• Tax Amount$14,286

Other Information

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

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