Fully Leased 8-Unit Brick
505 Alan Drive Mount Horeb, WI 53572
For Sale
$1,325,000
MULTI_FAMILY - Mount Horeb, WI
Lot Size0.32 Acres
Days on Market102
Property Features for 505 Alan Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Appliances
- 8
- Standard status
- Active
- APN
- 0606-121-0255-3
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 14286
Utilities
- Heating system
- Radiant
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 8
Listing Agency:
Stark Company, REALTORS
(608) 256-9011
Listed By:
Ken Brenner · License #5907390
(608) 345-9496
Added: Apr 15
Changed: Jul 8
Last Checked: Jul 25 at 1:06PM
MLS# 2017059
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained 8-unit brick apartment building offers a straightforward, tenant-ready layout with basement storage units for everyday convenience. The property has multiple recent capital improvements, including a newer roof, updated mechanical systems, and a newer coin-operated laundry system. Each unit is separately metered with its own electric meter, which can help simplify expense tracking. The building also includes surface outdoor parking for tenant use.
Additional land is included and is commercially zoned, providing flexibility for future development or expansion considerations. The property is currently fully leased with year-to-year leases in place.
For investors or operators seeking an income-oriented multifamily asset, the building’s brick construction, maintained condition, and separately metered units may support efficient day-to-day management. With laundry and parking already in place and tenant storage offered in the basement, the property is positioned to serve resident needs as it operates under the existing year-to-year lease structure. The inclusion of commercially zoned land adds an additional planning option for long-term strategy.
Additional land is included and is commercially zoned, providing flexibility for future development or expansion considerations. The property is currently fully leased with year-to-year leases in place.
For investors or operators seeking an income-oriented multifamily asset, the building’s brick construction, maintained condition, and separately metered units may support efficient day-to-day management. With laundry and parking already in place and tenant storage offered in the basement, the property is positioned to serve resident needs as it operates under the existing year-to-year lease structure. The inclusion of commercially zoned land adds an additional planning option for long-term strategy.
Key Highlights
- Well‑maintained 8‑unit brick apartment building, fully leased with year‑to‑year leases in place
- Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin‑operated laundry system
- Each unit has separate electric meters to help manage operating expenses efficiently
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit brick building with updates and separate electric meters, plus additional commercially zoned land.
Where is this apartment building located?
The property is located at 505 Alan Drive Mount Horeb, WI.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Well‑maintained 8‑unit brick apartment building, fully leased with year‑to‑year leases in place; Recent capital improvements include a newer roof, updated mechanical systems, and a newer coin‑operated laundry system; Each unit has separate electric meters to help manage operating expenses efficiently
