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.
     

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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.

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    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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