$ 1,375,000
-
$1,375,000
Price -
8
Bed -
4
Bath -
0
SqFt
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About the Listing 221 - 34759
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
2017059
Year Built
1976
Total Square Footage
0
Lot/Acreage
0.32
County
Dane
Area
MOUNT HOREB - V
HOA Dues
8
School District
Mount Horeb
Elementary School
Mount Horeb
Middle School
Mount Horeb
High School
Mount Horeb
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other: Family/Rec rm,Eat-in kitchen,Air conditioning,Range/oven,Refrigerator,Individual heat control,Separate Storage Unit Inc,Shared basement
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: R3
- Roof:
- Others: Brick
- Sewer: Municipal sewer, Municipal water
Financial Details
- Tax Amount: $14,286
- Taxes w/Assessments: N/A
- Tax/Property ID: 0606-121-0255-3
- Tax Year: 2024
Payment Calculator
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Questions About..
505 Alan Dr Mount Horeb, WI 53572
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