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Multifamily

BPM Townhome Portfolio

1 Brian Ct, New Castle, DE 19720

Listing Price: $2,960,000

Cap Rate
5.85%
Number of Units
16
Occupancy
95.0%
Price/Unit
$185,000
Price/Gross SF
$2,416.33
Gross SF
1,225

Investment Overview

Marcus & Millichap is pleased to present for sale the BPM Townhome Portfolio – A portfolio of 16 townhouses located in the cities of New Castle and Bear, DE. The units are all located within townhouse communities, in five separate groupings. Several of the units are contiguous. • 7 Units located on Brian Court in New Castle • 3 Units located on Auckland Drive in Newark • 2 Units located on Blackbird Drive in Bear • 2 Units located on Blyth Court in New Castle • 2 Units located on Ashley Drive in New Castle The unit mix is comprised of eleven 3 bedroom/1.5 bath townhouses, and five 3 bedroom/2.5 bath townhouses. Units feature a fireplace, garage, and basement. Tenants are responsible for water, sewer, electric, and gas. Overall, the units are in excellent locations near major roadways, employment, and shopping. With steady demand and current average rent per square foot at $0.91, this portfolio has significant rental upside. Value-add opportunity through unit upgrades and subsequent rental increases.

Investment Highlights

  • 16 Townhomes Located in New Castle and Bear DE
  • The Townhomes are in Great Locations Near Major Roadways and Shopping
  • Eleven Homes with 3 Bedrooms, 1.5 Baths, and Five Homes with 3 Bedrooms, 2.5 Baths
  • Tenants Pay for Water, Sewer, Electric and Gas
  • Steady Demand with Significant Rental Upside
  • Value-add Opportunity

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031090

    Delaware

Financing By

Multifamily

BPM Townhome Portfolio

Listing Price: $2,960,000

Cap Rate
5.85%
Number of Units
16
Occupancy
95.0%
Price/Unit
$185,000
Price/Gross SF
$2,416.33
Gross SF
1,225

Investment Highlights

  • 16 Townhomes Located in New Castle and Bear DE
  • The Townhomes are in Great Locations Near Major Roadways and Shopping
  • Eleven Homes with 3 Bedrooms, 1.5 Baths, and Five Homes with 3 Bedrooms, 2.5 Baths
  • Tenants Pay for Water, Sewer, Electric and Gas
  • Steady Demand with Significant Rental Upside
  • Value-add Opportunity

Investment Overview

Marcus & Millichap is pleased to present for sale the BPM Townhome Portfolio – A portfolio of 16 townhouses located in the cities of New Castle and Bear, DE. The units are all located within townhouse communities, in five separate groupings. Several of the units are contiguous. • 7 Units located on Brian Court in New Castle • 3 Units located on Auckland Drive in Newark • 2 Units located on Blackbird Drive in Bear • 2 Units located on Blyth Court in New Castle • 2 Units located on Ashley Drive in New Castle The unit mix is comprised of eleven 3 bedroom/1.5 bath townhouses, and five 3 bedroom/2.5 bath townhouses. Units feature a fireplace, garage, and basement. Tenants are responsible for water, sewer, electric, and gas. Overall, the units are in excellent locations near major roadways, employment, and shopping. With steady demand and current average rent per square foot at $0.91, this portfolio has significant rental upside. Value-add opportunity through unit upgrades and subsequent rental increases.

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): DE: RB-0031090

    Delaware

Financing By

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