Three-Bedroom Downtown
107 E Main St, Mount Horeb, WI 53572
For Sale
Contact for pricing
The apartment includes updated appliances, in-unit laundry, hardwood floors, and one off-street parking space.
Property Size1,500 SF
Price / SF$1.10
Days on Market12
Property Features for 107 E Main St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Listing Agency:
Potterton Rule Real Estate LLC
Listed By:
Keric Potterton · License WI #4994590
Source:
Madisonareahomelistings
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 8 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Potterton Rule Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A remodeled three-bedroom, two-bath apartment occupies the space above a downtown business. Interior features include hardwood flooring, newer appliances, and a washer and dryer. One vehicle can park off street.
The apartment is in downtown Mount Horeb at 107 E Main St. The tenant pays all utilities under a one-year lease; the property is designated non-smoking, and pets are not permitted.
The apartment is in downtown Mount Horeb at 107 E Main St. The tenant pays all utilities under a one-year lease; the property is designated non-smoking, and pets are not permitted.
Key Highlights
- Three bedrooms and two bathrooms
- 1,500 square feet above a downtown business
- Remodeled interior with hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,102
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,040
$242.0K
Cap Rate 7%
$172,886
$172.9K
Cap Rate 9%
$134,467
$134.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$23.0K $15.36/SF
− Vacancy
−$1.0K −$0.69/SF
EGI
$22.0K $14.67/SF
− OpEx
−$9.9K −$6.60/SF
NOI
$12.1K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,040
Cap Rate 7%
$172,886
Cap Rate 9%
$134,467
Alternative Uses
Best Use
Apartment 5plus
$172.9K
$151.3K – $201.7K
NOI $12,102 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.6K
$305.0K – $406.7K
NOI $24,400 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 53572, WI
10,549
Population
4,032
Households
2.6
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
99.1 sq mi
ZIP Area
106
Density / Sq Mi
$104,604
Median Household Income
$55,945
Median Earnings
$1,243
Median Rent
$381,900
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Dane County, WI
Properties on Market for Residential income properties in Dane County
Frequently Asked Questions
What type of property is this?
Residential income property - The apartment includes updated appliances, in-unit laundry, hardwood floors, and one off-street parking space.
Where is this residential income property located?
The property is located at 107 E Main St Mount Horeb, WI.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; 1,500 square feet above a downtown business; Remodeled interior with hardwood floors
