EricaThompson
BEDS0
BATHS
MLS#2017059
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMount Horeb
Listing Courtesy of:
Stark Company, REALTORS
Agency Contact: Pref: 608-345-9496
Agent Phone: (608) 438-0339
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Home Style: Apartment building, 2 story
Stories: 2.0
Taxes: $14,286
Year Built: 1976
Units
Unit 1:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Square Feet: 800
Unit 2:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Square Feet: 800
Unit 3:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Square Feet: 800
Unit 4:
Bedrooms: 2
Full Baths: 1
Parking Description: 1 Space
Square Feet: 800
Amenities
Brick
Feature Descriptions
Basement: Full
Days on Site: 9
Exterior: Brick
Units: 8
Water/Waste: Municipal sewer, Municipal water
Local Schools
High School: Mount Horeb
Middle School: Mount Horeb
Elementary School: Mount Horeb
School District: Mount Horeb
Listed By / Shown By
Listed By
Agency Name: Stark Company, REALTORS
Shown By
Agent Name: Erica Thompson
Agent Phone: (608) 438-0339
Estimate Your Payment
Estimated Payment
$ 8,883.02 per month $7,291.48 Principal & Interest $1,190.50 Property Tax $401.04 Homeowner's InsuranceChange Payment Information
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505 Alan Drive | MLS# 2017059
This multi-family property located at 505 Alan Drive, Mount Horeb, WI 53572 is currently listed for sale by Stark Company, REALTORS, with an asking price of $1,375,000. Alan Drive is located within the Mount Horeb school district. Search Mount Horeb real estate on ecolstad.starkhomes.com today.