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

MLS Number: Dekt2005686
List Price: $26,499,000
Standard Status: Active
Waterfront: N
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.

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Exterior Features

Construction Materials: Mixed

Interior Features

Heating: Other
Heating Fuel: Other
Cooling: Other
Hot Water: Other

Additional Details

Acres: 8.10
New Construction: Y
Property Type: Commercial Sale
County: Kent