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$26,499,000
Rochester Dr, Dover, DE 19901
0 Beds
0 Baths
n/a SqFt

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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

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