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About This Home
This 8-bedroom, 0-bathroom residential multi family at 505 Alan Drive in Mount Horeb, WI is listed for $1,325,000. Built in 1976, on a 0.32 acres lot.
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..
Key Features
- Built in 1976
- 0.32 acre lot
- 2 stories
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$7,086/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
505 Alan Drive
Mount Horeb, WI 53572
Features & Amenities
Interior Features
Property Details
Construction
Heating
Appliances
Questions & Answers
This 8-bedroom, 0-bathroom residential multi family at 505 Alan Drive is listed at $1,325,000. The estimated monthly payment is $5,742 based on 20% down at 6.5% interest.
Key features include: Built in 1976, 0.32 acre lot, 2 stories, 4 parking spaces. Interior Features: Water Softener Owned.
This property is listed by Ken Brenner and can be reached at 6083459496 or kbrenner@starkhomes.com.