ROCHESTER DR

DOVER, DE, 19901

$26,499,000

$103 per ft²
$26,499,000
$103 per ft²
Active
Active
 - For Sale
carpenters-square
257,000 ft²
property_type
Commercial
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.
MLS® ID:
DEKT2005686
Updated:
3/31/23
McWilliams Ballard, Inc.
CondoNest
Mobile: (571) 215-6554Email: Timur@condonest.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
8.1 acres lot
Sewer
Public Sewer

School Information

School District
CAPITAL

Other Property Details

Area Name
Capital (30802)
Taxes
$200.11
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
KENT
Water Source
Public
Pool
No
Zoning
RM1

Courtesy of The Moving Experience Delaware Inc, Jeffrey Spiegelman

Listing Contact:  

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Data last updated 3:22 PM UTC, 3/31/23

McWilliams Ballard, Inc.
CondoNest
Mobile: (571) 215-6554Email: Timur@condonest.com
Contact