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505 Alan Drive

Mount Horeb, WI 53572
  • $1,375,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: 2017059
UPDATED: 6 min ago
$1,375,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Stark Company, REALTORS: 608-256-9011

Description

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.

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© 2026 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Klodowski Real Estate. Data last updated: 2026-03-07T18:41:22.923.
www.klodowskirealestate.com/homes/173283157
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505 Alan Drive Mount Horeb, WI 53572

  • Price: $1,375,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 6 min ago
  • ID#: 2017059
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1976
Built
Neighborhood:
Mount Horeb - V
County:
Dane
Area:
Mount Horeb - V
Elementary School:
Mount Horeb
Middle School:
Mount Horeb
High School:
Mount Horeb
School District:
Mount Horeb
Property Description
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.
Exterior Features

Exterior Brick Parking Spaces Outside 10 Parking Stalls Inside 0 Type Apartment building2 story Unit1 Parking 1 Space Unit2 Parking 1 Space Unit3 Parking 1 Space Unit4 Parking 1 Space

Interior Features

Basement Full Clothes Dryers 2 Clothes Washers 2 Dish Washers 0 Heating Type Radiant Number Of Efficiencies 0 Number Of One Bedrooms 0 Number Of Three Plus Beds 0 Number Of Two Bedrooms 8 Refrigerators 8 Stoves 8 Unit1 Family/Rec rmEat-in kitchenAir conditioningRange/ovenRefrigeratorIndividual heat controlSeparate Storage Unit IncShared basement Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Kitchen Dim 10x10 Unit1 Living Great Room Dim 15x10 Unit1 Master Bedroom Dim 12x10 Unit1 Sq Ft 800 Unit2 Family/Rec rmEat-in kitchenRange/ovenRefrigeratorSeparate Storage Unit IncIndividual heat controlShared basement Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Sq Ft 800 Unit3 Family/Rec rmEat-in kitchenAir conditioningRange/ovenRefrigeratorSeparate Storage Unit IncIndividual heat controlShared basement Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Sq Ft 800 Unit4 Family/Rec rmEat-in kitchenAir conditioningRange/ovenRefrigeratorSeparate Storage Unit IncIndividual heat control Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Sq Ft 800 Units With AC 8

Property Features

Association South Central WI City Town Or Village Village County Quarter Dane SW Fuel Other Furnaces 0 Mailing City Mount Horeb Miscellaneous Shared laundryWater Softener Owned Net Taxes 14286 Park Unit 1 space Source Acreage Assessor Tax Year 2024 Total Income 112434 Unit1 Rent 1195 Unit2 Rent 1200 Unit3 Rent 1165 Unit4 Rent 1150 Utilities Separate elec meters Water Heaters 1 Water Softeners 1 Water Waste Municipal sewerMunicipal water Year Built Source Assessor Zoning R3

Listing information © 2026 South Central Wisconsin MLS.
Listing provided courtesy of Stark Company, REALTORS: Pref: 608-345-9496.



© 2026 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Klodowski Real Estate. Data last updated: 2026-03-07T18:41:22.923.
 
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Klodowski Real Estate
N8053 State Road 33, Suite 2
Beaver Dam WI, 53916
Listing provided by Stark Company, REALTORS: 608-256-9011