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Multifamily

709-711 Windsor St

709 Windsor St, Wilmington, DE 19801

Listing Price: $1,400,000

Cap Rate
6.34%
Number of Units
12
Price/Unit
$116,667
Price/Gross SF
$119.05
Gross SF
11,760

Investment Overview

Marcus & Millichap is pleased to present for sale 709-711 Windsor St, a 12-unit property located in Wilmington Delaware. This apartment community was built in 2009 and has 3 stories with an attractive unit mix. 709-711 Windsor is within walking distance to nearby shopping, parks and entertainment, and transit. It is in the Trinity Vicinity neighborhood and has a lot size of 4,356 sqft. and average unit size of 980 square feet estimated by the owner. This property has a rental upside opportunity as the current owner has kept rents below the market rate. This property has a possible additional development opportunity that is pending approval where more units can be built to increase value. Contact listing agent for details

Investment Highlights

  • 12 Unit newer construction(2009) in Wilmington, DE
  • Conveniently located to Parks, Entertainment, Shopping and transit
  • Potential Additional Development Opportunity

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s) DE: RB-0002461

    Delaware

Listing Price: $1,400,000

Cap Rate
6.34%
Number of Units
12
Price/Unit
$116,667
Price/Gross SF
$119.05
Gross SF
11,760

Investment Highlights

  • 12 Unit newer construction(2009) in Wilmington, DE
  • Conveniently located to Parks, Entertainment, Shopping and transit
  • Potential Additional Development Opportunity

Investment Overview

Marcus & Millichap is pleased to present for sale 709-711 Windsor St, a 12-unit property located in Wilmington Delaware. This apartment community was built in 2009 and has 3 stories with an attractive unit mix. 709-711 Windsor is within walking distance to nearby shopping, parks and entertainment, and transit. It is in the Trinity Vicinity neighborhood and has a lot size of 4,356 sqft. and average unit size of 980 square feet estimated by the owner. This property has a rental upside opportunity as the current owner has kept rents below the market rate. This property has a possible additional development opportunity that is pending approval where more units can be built to increase value. Contact listing agent for details

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s): DE: RB-0002461

    Delaware

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