描述

Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to present Deco, a 173-home apartment community located on the west side of Madison, Wisconsin. Built in 2016, Deco offers well-appointed studio, one- and two-bedroom homes averaging 922 SF. Residents enjoy robust amenities including a heated pool, garage, and 7,700 SF of fully leased retail. A new owner can immediately launch new revenue streams including billing back utilities and internet and charging for parking all currently included in base rent.

Located on Madison’s west side and 7.5 miles of downtown and UW-Madison, Deco has immediate access to the Junction Road retail corridor and is a short five-minute drive from West Towne Mall and just a mile south of the suburb of Middleton. Madison is not only the state capital but one of the Midwest's most resilient economies—anchored by Epic Systems, UW-Madison (Time’s #2 U.S. Public University, 2026), UW Health, and American Family Insurance. Time Magazine ranked Madison #5 Best College Town in America and #6 Best Place to Live in the U.S. for Quality of Life in 2026.

Deco presents the unbeatable opportunity to acquire a strong-performing, well-located mid-rise property of scale in Madison offered with a $28M assumable HUD loan an attractive 2.65% rate.

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属性

单位数量

173

占用率

96%

建成年份

2016

媒体

投资亮点

Fantastic Investment Thesis
96% occupied residential, 100% leased retail (~7,700 SF)
~$28 million assumable HUD loan at an attractive 2.65% rate, maturing 2057
2016 vintage with light value-add upside
Potential new revenue streams from RUBs implementation, internet billback, and parking fees all currently included in rent

Coveted West Madison Location
Along Junction Road retail corridor & 5-minute drive to West Towne Mall
0.5 miles from UW Health Junction Road Medical Center
10-15 minute drive to UW-Madison, downtown Madison, and major employers
Immediate access to western Dane County parks and trails including Elver Park and Capital City State Trail connections

College Town, Capital City, Best Place to Live
Home to UW-Madison, #2 Public University in the U.S. (Time, 2026) and the state's largest employer
Thriving economy anchored by Epic Systems, UW-Madison, UW Health, American Family Insurance, and the State of Wisconsin
#5 Best College Town in America and #6 Best Places to Live in the U.S. for Quality of Life

Robust Demographics & Strong West Madison Submarket
97%+ avg occupancy & 3% effective rent growth projected for next five years by RealPage
$155,000 avg household income in West-Side Madison, 15% rent-to-income ratio
$540,000 avg home value in West-Side Madison per Esri