1109 Catalpa Cir - Apartments FOR SALE


Madison, WI 53713- Burr Oaks
$6,800,000 USD
312-371-2920
1109 Catalpa Cir, Madison, WI for Sale
$6,800,000 USD
Apartments - FOR SALE
1/10
null | 6.02% Cap Rate

1109 Catalpa Cir
Madison, WI 53713
Burr Oaks


HIGHLIGHTS

  • 36 Unit Portfolio in Strong Madison Location - 6% Cap Rate In Place
  • Mix of Large Townhomes + Garage and Apartments
  • Proven Value Add Strategy - 28 of 36 units have been renovated
  • Immediate 20% Return on Investment when Renovating Apartments

OVERVIEW

Comprised of 20 Large Three Bedroom Townhome Units and 16 Two Bedroom Apartments Proven Value Add Strategy - Nearly 20% Return on Renovated Apartments New Balconies on Townhomes + Many Other Recent Improvements Including 28 of 36 Renovated Units Comprised of 20 Large Three Bedroom Townhome Units and 16 Two Bedroom Apartments Strong In Place Cash Flow and Opportunity to Drive Revenue Attractive Submarket Fundamentals and Ideal Madison Location Nine (9) Total Buildings - All Separate PINs; See Document for PINs and Addresses

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

36

PRICE/UNIT

$188,889

CAP RATE

6.02%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Catalpa Crossing - 36U Portfolio in Madison

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

68

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,999 SF

ZONING

SR-V1

APN/PARCEL ID

0709-352-0104-9,0709-352-0125-5,0709-352-0705-5,0709-352-0706-3,0709-352-0707-1,0709-352-0708-9,0709-352-0709-7,0709-352-0710-4,0709-352-0711-2

ASK ABOUT THIS PROPERTY

Ted StratmanColliersMore Info
312-371-2920

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Ted StratmanColliersMore Info
312-371-2920

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.