WI
Dane
Mount Horeb
53572
505 Alan Drive
505 Alan Drive, Mount Horeb, WI 53572
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Listing Type
Multi Family
Listing Status
Active
36
$1,375,000

Home Details for 505 Alan Drive

Price
$1,375,000
Type
Residential Income
Bedrooms
8
Full Bathrooms
4
Year built
1976
Lot size acres
0.32
County
Dane
Basement
Full
MLS Listing#
2017059
Listing Courtesy: Stark Company, REALTORS - 608-256-9011
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.

Property Features
  • Water Features
    • Public
  • Basement
    • Full
School Information
School Information for 505 Alan Drive, Mount Horeb, WI 53572
Elementary School
Mount Horeb
Middle School
Mount Horeb
High School
Mount Horeb
The data relating to real estate for sale on this website comes in part from the Internet Data Display program of the South Central Wisconsin MLS. Real estate listings held by brokerage firms other than EXIT Realty are marked with the 'MLS' icon and/or include the name of the listing broker. This information, provided by seller, listing broker, and other parties, may not have been verified. 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 deemed reliable but not guaranteed. Copyright © 2026 South Central Wisconsin MLS. All Rights Reserved.
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Market statistics compiled from data from South Central Wisconsin MLS.
EXIT REALTY HGM
12 S. Pontiac Dr., Janesville, WI 53545
Wisconsin - 937295-91 Illinois - 481.014525
Robin St. Clair
License #: 58946-90
Sales Representative
Office
608 563 2272
Agent
608 295 5663
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