505 Alan Drive, Mount Horeb, WI, 53572

0.32 Acres

MLS# 2017059

Estimated monthly payment:

Built in 1976

Taxes: $14,286

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.

Spec Sheet

Contact Agency

Adashun Jones, Inc.

920-923-4433

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Listing Provided by: Stark Company, REALTORS | kbrenner@starkhomes.com