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Catalpa Crossing - 36U Portfolio in Madison 1109 Catalpa Cir 36 Unit Apartment Building $9,418,884 CAD ($261,636 CAD/Unit) 6.02% Cap Rate Madison, WI 53713
Investment Highlights
- 36 Unit Portfolio in Strong Madison Location - 6% Cap Rate In Place
- Proven Value Add Strategy - 28 of 36 units have been renovated
- Mix of Large Townhomes + Garage and Apartments
- Immediate 20% Return on Investment when Renovating Apartments
Executive Summary
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
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
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,418,884 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $261,636 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.02% | Building Size | 36,000 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 97% |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2026 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | SR-V1 | ||
| Price | $9,418,884 CAD |
| Price Per Unit | $261,636 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2026 |
| Opportunity Zone |
Yes |
| Zoning | SR-V1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,677 CAD | 785 |
| 3+1.5 | 20 | $2,731 CAD | 1,125 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,730,825 CAD | |
| Land Assessment | $1,104,787 CAD | Total Assessment | $6,835,612 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,104,787 CAD
Improvements Assessment
$5,730,825 CAD
Total Assessment
$6,835,612 CAD
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Catalpa Crossing - 36U Portfolio in Madison | 1109 Catalpa Cir
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