Multifamily Housing
1123 Catalpa Circle Madison, WI 53713
Details & Description
Price: $2,850,000
    This unique 28 unit investment includes 5 Townhome style apartment buildings and 2 Garden Style buildings. Located on a circle type street, these properties are contiguous, making for efficient management.The Townhome buildings have back yards with room for gardening and the property features a small fenced in dog yard area. All of the Townhome units feature 1,250 sq ft of living space and each has 3 bedrooms an 1/12 bathrooms. Sixteen of the units have built-in 1 car garages and 4 have a basement. Units have original oak wood flooring throughout. All have washer/dryer hookups and gas forced air furnaces with central air conditioning. Each unit has its own water heater. Tenants pay gas and electric and owner pays water and sewer.The two Garden Style buildings are typical for the area, featuring low maintenance brick exteriors. Each of the 8 units features 800 sq ft of living space and has 2 bedrooms and 1 bathroom. All flooring is original oak wood except for in the upper unit living rooms, which are carpeted. Each building has one washer and one dryer coin ops which are located in the basement along with individual storage lockers. Heat is paid by the owner and is provided via a high efficiency, modern boiler system in each building.
    Property Highlights
     Townhome buildings have been in the current owners family since they were built.
     All roofs and gutters were replaced in 2016 at a cost of $120,000.
    Listing Agents
    Greg Wagner

    O: 262-424-6586
    gregwagner@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1123 Catalpa Circle

    Madison, WI 53713

    Listing ID: 273401
    • 1123 Catalpa Circle Madison, WI 53713 | for Sale | Photo 1
    • 1123 Catalpa Circle Madison, WI 53713 | for Sale | Photo 2
    • 1123 Catalpa Circle Madison, WI 53713 | for Sale | Photo 3
    1123 Catalpa Circle | for Sale | Thumbnail 1
    1123 Catalpa Circle | for Sale | Thumbnail 2
    1123 Catalpa Circle | for Sale | Thumbnail 3
    Building Size: 31,400 SF
    Lot Size: 2.090 AC
    Land Size: 91,040 SF
    Building $/SF: $90.76
    Land $/SF: $31.30
    Price
    $2,850,000
    Property Highlights
    Value add opportunity by moving towards market based rents.
    All roofs and gutters were replaced in 2016 at a cost of $120,000.
    Quiet cul-de-sac setting with back yard green space.
    Townhome buildings have been in the current owners family since they were built.
    Many long term tenants and extremely low vacancy.
    Description

    This unique 28 unit investment includes 5 Townhome style apartment buildings and 2 Garden Style buildings. Located on a circle type street, these properties are contiguous, making for efficient management.

    The Townhome buildings have back yards with room for gardening and the property features a small fenced in dog yard area. All of the Townhome units feature 1,250 sq ft of living space and each has 3 bedrooms an 1/12 bathrooms. Sixteen of the units have built-in 1 car garages and 4 have a basement. Units have original oak wood flooring throughout. All have washer/dryer hookups and gas forced air furnaces with central air conditioning. Each unit has its own water heater. Tenants pay gas and electric and owner pays water and sewer.

    The two Garden Style buildings are typical for the area, featuring low maintenance brick exteriors. Each of the 8 units features 800 sq ft of living space and has 2 bedrooms and 1 bathroom. All flooring is original oak wood except for in the upper unit living rooms, which are carpeted. Each building has one washer and one dryer coin ops which are located in the basement along with individual storage lockers. Heat is paid by the owner and is provided via a high efficiency, modern boiler system in each building.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Madison History of Multifamily Housing for Sale

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    Madison Area Market Trends

    Listing Demographics for 1123 Catalpa Circle Madison, WI 53713

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population9,323104,931185,867
    Population Median Age323235
    Population by Age0-9 Yrs1323 (14%)7100 (6%)16131 (8%)
    10-19 Yrs1327 (14%)17165 (16%)23785 (12%)
    20-29 Yrs2199 (23%)41413 (39%)56597 (30%)
    30-39 Yrs1734 (18%)12025 (11%)26810 (14%)
    40-49 Yrs943 (10%)7810 (7%)16700 (8%)
    50-59 Yrs675 (7%)7282 (6%)16648 (8%)
    60-69 Yrs721 (7%)7083 (6%)16866 (9%)
    70+ Yrs401 (4%)5053 (4%)12330 (6%)
    Median HH Income$43,808$49,313$59,932
    Total Household Income< 24K792 (21%)11397 (27%)16837 (21%)
    25-49K1318 (35%)9917 (23%)18107 (22%)
    50-74K743 (19%)6125 (14%)12640 (15%)
    75-99K426 (11%)4232 (10%)9589 (11%)
    100-199K380 (10%)7420 (17%)16598 (20%)
    200K+65 (1%)3108 (7%)6231 (7%)
    Highest Education LevelNo Diploma89028284989
    Diploma or GED1517652214377
    Some College949700015962
    Assoc. Degree44631297488
    Bachelors Degree10801539534346
    Higher Degree6761526532256
    Total Housing Units3,90045,34984,599
    --Owner-Occupied88913,37032,758
    --Renter-Occupied2,83528,82947,244
    Owner-Occupied Values< 100K1545831279
    100-199K36719076103
    200-299K232381310710
    300-399K7431577261
    400-499K2618103639
    500K+3520993766
    Total Working Age Population7,14693,176160,457
    In Work Force5,59764,763114,441
    Not In Work Force1,54828,41446,016
    Workforce Employed5,38962,522110,747
    Workforce Unemployed2002,1413,563
    Civlian Workforce5,58964,663114,310
    Military Workforce8100131
    Total Households3,72342,19980,001
    Family Households1,90515,52034,705
    Non-Family Households1,81926,67945,296
    Married Couple92110,99326,089
    Other Family9844,5278,616
    Married w/Child4614,30410,120
    Single Male w/Child1217041,305
    Single Female w/Child4791,8743,756

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Wisconsin5,363,675+65,686,986+66,005,080+66,375,910
    Dane County426,526+14488,073+9530,620+9577,300

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1123 Catalpa Circle in Madison?
    The asking price for 1123 Catalpa Circle is $2,850,000
    What is the building size of this Multifamily property in Madison, WI?
    The size of the building/unit at 1123 Catalpa Circle in Madison is 31,400 square feet
    How much land does the Madison, WI property at 1123 Catalpa Circle include?
    1123 Catalpa Circle in Madison includes 2.090 acres of land
    What is the population within 1 mile of 1123 Catalpa Circle in Madison?
    The population within 1 mile of 1123 Catalpa Circle Madison, WI 53713 is 9,323 people.
    Who do I contact for questions about 1123 Catalpa Circle?
    You should contact the listing agent, Greg Wagner, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Dane County Regional Truax Field (MSN) 8
    Chicago Rockford International Airport (RFD) 60
    General Mitchell International Airport (MKE) 76