505 Alan Drive, Mount Horeb, WI 53572
Dane County
Key Facts
Listing Courtesy: Stark Company, REALTORS - Pref: 608-345-9496
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 Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1976
Lot Size
0.32 acres
Parking Spaces
10
Days on Market
97
MLS® Listing#
2017059
Property Features
- Appliances:
- Refrigerator, Cooktop, Dryer, Water Softener
- Basement:
- Full
- Laundry:
- Common Area
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water Source:
- Public
Rooms
- 12x10
- Living Room15x10
Schools
- Elementary:
- Mount Horeb
- Middle:
- Mount Horeb
- High:
- Mount Horeb
- District:
- Mount Horeb
HOA & Tax
- Annual Tax:
- $14,286 (2024)
- Assessed Value:
- $897,300
Directions
Hwy 18/151 to Springdale St, right on 78 North, right on Durtschi Dr, left on Alan Dr
Affordability Calculator
$265,000
Estimated monthly payment
$7,052/mo
Principal $1,060,000 · Est. interest $1,478,794 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mount Horeb, WI
- $488,333
- Median Listing Price
- 42
- Median Days on Market
- 1,953
- Median Sq Ft
- $233
- Median Price / Sq Ft
- 129
- Active Listings
- This home’s price is 171% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mount Horeb, WI.
Location
- 505 Alan Drive, Mount Horeb, WI 53572
Nearby Schools
Mt Horeb Area School District
School · 0.6 mi away
Mount Horeb Intermediate Center
Elementary · 0.6 mi away
Mount Horeb Middle
Secondary · 0.7 mi away
Mount Horeb High
Secondary · 0.8 mi away
Mount Horeb Primary Center
Elementary · 1.0 mi away
Mount Horeb Early Learning Center
School · 1.1 mi away
Children's Community School
School · 1.2 mi away
Mt Horeb Area School District
Elementary · 4.9 mi away
Park Elementary School
Elementary · 7.7 mi away
West Middleton Elementary School
Elementary · 8.0 mi away
Glacier Creek Middle School
Secondary · 8.4 mi away
Black Earth Elementary School
Elementary · 8.5 mi away
St. Francis Xavier Catholic Church
School · 8.6 mi away
Verona Area High School
Secondary · 8.9 mi away
Country View Elementary
Elementary · 9.2 mi away
Verona Area K4
School · 9.2 mi away
Paul J. Olson Elementary School
Elementary · 9.3 mi away
Pope Farm Elementary School
Elementary · 9.3 mi away
Sugar Creek Elementary School
Elementary · 9.6 mi away
Verona
School · 9.6 mi away
