Location: Sun Prairie, WI
Apartment Units: 98
Axiom Properties has successfully closed on the purchase of the Axiom ABW Portfolio consisting of Arlington Apartments and Belmont Apartments located in Sun Prairie, WI. Arlington is a 50 unit garden style community built in 1970, consisting of 5 masonryconstructed buildings situated on a triangular-shaped 3 acre parcel of land. Belmont is located 1.3 miles south of Arlington and consists of 48 units in 6 identical mansard-type buildings built in 1982. Both of the properties have been well maintained. The opportunity to stabilize management practices, perform a comprehensive unit upgrade, manage to Axiom efficiencies, and bring rents to market rate will provide a compelling return. The acquisition of these properties complements our current portfolio and expands our presence in the Greater Madison Area market.