Commercial Sale for sale in Dover, Delaware, DEKT2005686

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Rochester Dr,

Dover, Delaware DE 19901

$26,499,000 Price

ACTIVE Status

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

Status ACTIVE

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

Interior

Building Total SqFt Source: Estimated

Central Air: no

Cooling Type: Other

Heating: yes

Heating Type: Other

External

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

Location

Country: US

In City Limits: yes

MLS Area: Capital (30802)

Waterfront: no

Additional

Accessibility Features: Elevator

Business Type: Apartment Building

Days on Market: 283

Potential Tenancy: Multiple

Property Condition: Excellent

Property Use: Investment

Financial

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

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of The Moving Experience Delaware Inc. Data last updated on Thursday, March 23rd, 2023 03:31:58 AM.

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