800-441-8118

Listing in Dover, DE

MLS #DEKT2005686
Listing #DEKT2005686: image #1

$ 26,499,000

Lot Size Area: 8 Square Feet
Lot: 352,836 sq. ft.
Sq. Ft. Total: 257,000
  • Description

    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.
    Listed By: 
    The Moving Experience Delaware Inc
  • Property Details
    Commercial Subtype: 
    Commercial Buildings For Sale
    Lot Size Unit (ft/acre): 
    Square Feet
    Lot Sq. Feet: 
    352836
  • Exterior Features
    Sewer: 
    Public Sewer
    Water: 
    Public
  • Interior Features

    Interior Features

    Heating System: 
    Other
    Cooling System: 
    Other

Map

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