Brick Apartment Building with
For Sale
Contact for pricing
505 Alan Drive, Mount Horeb, WI 53572
Well-maintained 8-unit apartment building with commercially zoned land.
Property SizeContact for details
Days on Market178
Property Features for 505 Alan Drive
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Multifamily
Zoning
R3
Net Operating Income
$89,169
Building Details
Year Built
1976
Stories
2
Units
8
Listing Agency:
Stark Company
(608) 345-9496
Listed By:
Ken Brenner · License #94-88062
Source:
Crexi
Added: Feb 23
Changed: Aug 16
Last Checked: Aug 18 at 6:12PM
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 Stark Company
Investment Insights
Based on property information with market context.
This is a well-maintained 8-unit brick apartment building that includes additional commercially zoned land, offering potential for future development or expansion. The property offers multiple value-add and long-term upside opportunities. The building is fully leased with year-to-year leases, 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. Tenants benefit from basement storage units. The property also offers a surface outdoor parking lot for convenient tenant parking. The 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 Highlights
- Commercially zoned land included for future development or expansion.
- Fully leased 8‑unit building provides immediate and stable cash flow.
- Newer roof and updated mechanical systems provide peace of mind.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 8-unit apartment building with 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: Commercially zoned land included for future development or expansion.; Fully leased 8‑unit building provides immediate and stable cash flow.; Newer roof and updated mechanical systems provide peace of mind.
