About This Home
This 0-bedroom, 0-bathroom residential multi family at 505 Alan Drive in Mount Horeb, WI is listed for $1,275,000. Built in 1976, on a 0.32 acres lot.
Key Features
- Built in 1976
- 0.32 acre lot
- 2 stories
Property Details
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. Unit 5~8 Rent=$4,935\mo..
Monthly Cost Estimate
$6,819/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
505 Alan Drive
Mount Horeb, WI 53572
Property Details
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 505 Alan Drive is listed at $1,275,000. The estimated monthly payment is $6,819 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1976, 0.32 acre lot, 2 stories.
This property is listed by Ken Brenner and can be reached at 6083459496.