Courtesy of: Ken Brenner, Stark Company, REALTORS, kbrenner@starkhomes.com
Courtesy of: Ken Brenner, Stark Company, REALTORS, kbrenner@starkhomes.com
$1,375,000
|
8 bed
|
|
Lot: 0.32 Acres
|
|
Other
|
$1,375,000
505 Alan Drive 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...
Courtesy of: Ken Brenner, Stark Company, REALTORS, kbrenner@starkhomes.com
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.