• Circle Towne Homes - 1123 Catalpa Cir, Madison, WI 53713

For Sale

Multi-Family

For Sale

This property is available for sale
2.09
Acres
$2,850,000
Sale Price
  • Year Built
    1961
  • Total Building Size
    31,400 RSF
  • Overview

    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.

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Property Details

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 Type
    Multi-Family
  • Submarket
  • Year Built
    1961
  • Sale Price
    $2,850,000
  • Total Building Size
    31,400RSF
  • Total Acres
    2.09
  • Last updated
    Jul 01, 2020
  • Property ID
    2090810

Landlord's Sales Representative

  • Greg Wagner
    Accel Commercial RE