For sale is the Stonebrook East Apartment Complex for $26,499,000. The property is inside of the Stonebrook East Neighborhood coming second half of 2022. The raw land is approved for four buildings and 138 total garden apartment units. $192,000 +/- per unit is based on market rents for a 6 Cap rate and includes the Seller providing turn-key, completed buildings to a potential buyer. The neighborhood is inside of the City of Dover, within 1 mile of Delaware Technical College, and 2 miles to Rt 1. The property has easy access to all parts of the state.
- Price:
- $26,499,000
- Acreage:
- 8.10
- Listing ID #:
- DEKT2005686
- Street Address:
- Rochester Dr
- City:
- Dover
- State:
- Delaware
- Postal Code:
- 19901
- County:
- Kent
- Community:
- Capital (30802)
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: Capital
- Building Condition:
- Excellent
- Ease Of Access:
- Elevator
- New Construction:
- Yes
- Approximate Lot Size Range Source:
- Estimated
- Conforms To Zoning:
- Rm1
- Lot Square Footage:
- 352836.00
- Days On Market:
- 230
- On Market Date:
- 2021-12-20
- Originating Mls:
- Bright
- Special Conditions Of Sale:
- Standard
- In City Limits:
- Yes
- Price Per Square Foot:
- 103.11
- Property Taxes:
- $200
- Tax Year:
- 2021
- Parking Spaces:
- 215
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By The Moving Experience Delaware Inc
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