ROCHESTER DR
ROCHESTER DR
DOVER, DE 19901
MLS Number: DEKT2005686
$26,499,000
Description
- 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.
General Details
- Lot Area: 352,836
- Property Type: Five Or More Units
- County: KENT
- Sewer: Public Sewer
- Acres: 8
Community Information
- Zoning: RM1
Exterior Features
- Garage(s): N
- Waterfront: N
- Waterview: N
Interior Features
- Heating: Other
- Cooling: N
- Water: Public
Lot Information
- SqFt: 352,836
School Information
- School District: CAPITAL
Other Info
- Listing Courtesy Of: The Moving Experience Delaware Inc