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505 Alan Dr,  Mount Horeb,  WI  53527 $1,100,000 Sold
505 Alan Dr,  Mount Horeb,  WI  53527
$1,100,000
Sold
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 Property Type Multi Family
 Parcel # 0606-121-0255-3
 County Dane
 Sub Area D33
 Municipality Mount Horeb
 MLS# 1950767
 Listing Date 02/28/2023
 Sold Price $1,050,000
 Close Date 05/12/2023 12:00 AM

MLS Public Remarks  Well maintained brick 8-unit building with excess land with potential to develop. Fully leased building with year to year leases. Newer roof, mechanicals and 6 AC units. New coin-operated laundry onsite.
Documents and Related Links  
1) Income Statement
* 4 Documents Not Available via MLS
LOCATION  
  • Location  Village
  • Other Marketing Area  
  • Mailing City  Mount Horeb
  • C/T/V  Village
  • Unit #  
  • Directions  Hwy 18/151 To Springdale St, Right On 78 North, Right On Durtschi Dr, Left On Alan Dr
    • BUILDING INFO  
  • Number of Units  8
  • Year Built  1976
  • # Furnaces  1
  • Heating Type  Rad Elec
  • Heating Fuel  1Other
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  8
  • # Refrigerators  8
  • # Dish Washers  0
  • # Washers  2
  • # Dryers  2
  • # Units w/AC  8
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  2
  • Number of 3+ Bedrooms  0
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Mount Horeb
  • High School  Mount Horeb
  • Middle  Mount Horeb
  • Elementary  Mount Horeb
  • Land Assessment  $182,000
  • Improvements  $385,000
  • Total Assessment  $567,000
  • Net Taxes  $11,682
  • Assessment Year  2022
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  R3
  • Subdivision  Kara View Heights
  • Name of Lake/River  
  • Est. Total Acres  0.62
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Eat-in kitchen, Family/Rec. room, Range/oven, Refrigerator
  • Unit 2  
  • Unit 3  
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 2 1 0 12/31/2023 $1155 800 1 Space No Yes Yes
    2 2 1 0 01/31/2024 $1155 800 1 Space No Yes Yes
    3 2 1 0 12/31/2023 $1102 800 1 Space No Yes Yes
    4 2 1 0 07/31/2023 $915 800 1 Space No Yes Yes
    Items Included 8 stoves, 8 refrigerators, 8 air conditioners, 1 water softener, 2 coin-operated washers & dryers.
    Items Excluded  Tenant's personal property.
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full
    • EXTERIOR FEATURES  
  • Type   2 story, Apartment building
  • Parking per Unit  1 space
  • Barrier-free Features  
  • Exterior  Brick
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit
  • Legal Documents  
  • Miscellaneous  Security system, Shared laundry



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Madison Commercial Real Estate Llc