The Lisa Mathena Group

$26,499,000

Rochester Dr, Dover, 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.

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