Living / Multi-housing

Stonewood Village - Madison, WI

302 Parkwood Ln Madison, WI United States 53714-1974
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key facts

Year Built 1982
Building Area Net
Land Area Net ()
Number of units 272
Occupancy 100.0 %

Property description

JLL is pleased to present Stonewood Village Apartments, a 272-home garden-style community with tremendous value-add upside in vibrant Madison, WI. The property is a “blank canvas” and ideal to begin both a programmatic interior renovation plan and to enhance the existing community amenity package. Spacious apartments feature in-demand private entries, patios/balconies, and washer/dryers and dishwashers in every unit. Additionally, ownership has also spent $2M+ on capital improvements, including a roof replacement, since 2016.


The property has historically been highly occupied (100% as of April 2022) and is achieving an impressive 26+% on new lease trade-outs between March and April 2022.


Adjacent to picturesque Hiestand Park, residents enjoy extensive on-site walking trails, and are also near the State Capitol building and several large employers like American Family Insurance, WPS Health Insurance, Madison Area Technical College (MATC), and East Madison Hospital (a state-of-the-art UW Health hospital).


Stonewood Village is ideally located less than a 15-minute drive to Downtown Madison and easily accessible to Interstates 90 & 94, Highways 30 & 51, the Dane County Regional Airport, and abundant retail. Madison is home to the world-class University of Wisconsin which boasts 45,000 students, Big Ten Division I athletics, UW Health (#1 Hospital in Wisconsin).


This unbeatable opportunity is available for purchase free and clear of existing debt.

Investment highlights

Value-Add Blank Canvas

  • Major interior and amenity renovation potential
  • Great Bones – Large Home Sizes (1,004 Avg SF) with private entryways and in-home washer/dryers


Stellar Property Performance

  • Impressive new lease trade-outs of 26+% in March & April
  • 100% Occupancy (4/25)


Unbeatable Location

  • 15 - minute drive to Downtown Madison 
  • Access to top tier employment (UW Health, University of Wisconsin - Madison, State Capitol building, American Family Insurance, WPS Health Insurance, MATC, and East Madison Hospital)

IMPORTANT DATES

Offers Date: Tuesday, June 7th

 

Tour Dates:

Tuesday, May 10th

Wednesday, May, 18th

Wednesday, May, 25th

Thursday, June, 2nd

 

Please contact Wick Kirby (wick.kirby@am.jll.com) to schedule a tour. Alternative dates are available with advance notice. The owner and JLL respectfully request that interested parties refrain from contacting any onsite personnel or residents

Last Updated Date: 05 May 2022

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Last Updated Date: 05 May 2022

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