Rochester Dr,
Dover, De 19901
$26,499,000

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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
New Construction
Y
Property Type
Commercial Sale
Waterfront
N

Location

Address
Rochester Dr, Dover, De
Acres
8.10

Interior

Heating
Other
Heating Fuel
Other
Cooling
Other
Hot Water
Other

Interior Features

    Appliances

      Additional Information

      Tax Annual Amount
      $200

      Listing courtesy of The Moving Experience Delaware Inc.

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