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6949 Schroeder RdMadison, WI 53711
Canes Manor Apartments
Asset ClassMultifamily
% Leased96%
# Units: 27# Buildings: 1# Stories: 3Access Data Room
Modern, Vintage Multifamily Asset in Madison, WI with Below-Market Rents & Upside
overview of deal

Overview

Canes Manor Apartments offers investors the opportunity to acquire a well-maintained, 27-unit multifamily community located on Madison’s desirable west side. Built in 2000, the property features a balanced mix of one- and two-bedroom units with attractive resident amenities including in-unit laundry, private balconies, underground parking, storage lockers, and elevator service.

 

The asset benefits from strong in-place occupancy, below-market rents, and a highly accessible location near the Beltline, West Towne Mall, UW Health, Epic Systems, University Research Park, and other major Madison demand drivers. With quality construction, a modern vintage relative to much of Madison’s rental stock, and measurable mark-to-market upside, Canes Manor presents a compelling opportunity to acquire a stabilized multifamily asset in one of the Midwest’s most resilient rental markets.

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Investment Highlights

  • 27-unit Madison multifamily asset constructed in 2000 with modern renter amenities
  • Balanced unit mix of one- and two-bedroom floorplans averaging approximately 876 SF
  • Current average in-place rents sit below underwritten market rents, providing clear mark-to-market upside
  • Attractive amenities including in-unit laundry, private balconies, underground parking, storage lockers, and elevator access
  • West Madison location with convenient access to the Beltline, retail amenities, and major employment drivers
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6949 Schroeder RdMadison, WI 53711
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