(443) 597-3420
541B Baltimore Annapolis Blvd, Severna Park, MD 21146
Rochester Dr
Dover, Delaware DE 19901
$26,499,000 Price
257,000 SqFt
8.100 Acres
DEKT2005686 Listing ID
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.
Schedule Showing
County Kent
Price/SqFt $103.11
Property Type Commercial Sale
Commercial Sale
Property Sub Type Five Or More Units

Primary Features

County: Kent
Price/SqFt: 103.11
Property Sub Type: Five Or More Units
Property Type: Commercial Sale
Zoning: RM1


Building Total SqFt Source: Estimated
Central Air: no
Cooling Type: Other
Heating: yes
Heating Type: Other


Car Parking Spaces: 215
Construction Completed: no
Construction Materials: Mixed
Cooling Fuel: Other
Heating Fuel: Other
Hot Water: Other
Lot Size Source: Estimated
Lot Size Units: Square Feet
Navigable Water: no
New Construction: yes
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 215
Type of Parking: Other
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no


Country: US
In City Limits: yes
MLS Area: Capital (30802)
Waterfront: no


Accessibility Features: Elevator
Business Type: Apartment Building
Days on Market: 283
Potential Tenancy: Multiple
Property Condition: Excellent
Property Use: Investment


Association Recreation Fee: N
Automatically Update Tax Values: no
Net SqFt: 353000
Ownership Interest: Fee Simple
Possession: Other
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 200.11
Tax Assessed Value: 7300
Tax Year: 2021
Vacation Rental: no

Zoning Info

Listing courtesy of The Moving Experience Delaware Inc (302) 241-0899

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Contact - Listing ID DEKT2005686

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Bridgette Jacobs

541B Baltimore Annapolis Blvd
Severna Park, MD 21146
Phone: 443-694-8030

Data services provided by IDX Broker