Login

505 Alan Drive, Mount Horeb, WI 53572

Mount Horeb
Local realty services provided by:CENTURY 21 Affiliated
505 Alan Drive,Mount Horeb, WI 53572
$1,325,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ken brenner
Office: stark company, realtors
MLS#:2017059
Source:WI_WIREX_SCW

Price summary

  • Price:$1,325,000

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1976
  • Listing ID #:2017059
  • Added:108 day(s) ago
  • Updated:May 30, 2026 at 02:36 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Heating:Radiant/Electric

Structure and exterior

  • Year built:1976
  • Lot area:0.32 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Mount Horeb
  • Middle school:Mount Horeb
  • Elementary school:Mount Horeb

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,325,000
  • Tax amount:$14,286 (2024)

Features and amenities

  • Amenities:Separate Electric Meters, Water Softener

Parking

  • Parking description:1 Space
2026 Wisconsin Real Estate Exchange (WIREX) Information deemed reliable, but not guaranteed. This information, provided by seller, listing broker, and other parties, may not have been verified. Information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. WI_WIREX_SCW Member Broker: William Kessler

New listings near 505 Alan Drive