• DOVER, DE 19901
  • DOVER, DE 19901
  • DOVER, DE 19901

DOVER, DE 19901

MLS Number: DEKT2005686



  • 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
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