Rochester Dr, Dover, De 19901
List Price $26,499,000
Request Listing Info
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.
Essentials
MLS Number
Dekt2005686
List Price
$26,499,000
Standard Status
Active
Waterfront
N
Location
Address
Rochester Dr, Dover, De
Interior
Heating
Other
Heating Fuel
Other
Cooling
Other
Hot Water
Other
Interior Features
Appliances
Additional Information
Acres
8.10
New Construction
Y
Property Type
Commercial Sale
County
Kent
Listing courtesy of The Moving Experience Delaware Inc.