3704 Davidsburg Rd - Davidsburg Townhomes, LLC
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3704 Davidsburg Rd - Davidsburg Townhomes, LLC
6 Unit Apartment Building Offered at $1,120,000 at a 6.98% Cap Rate in Dover, PA 17315
Executive Summary
Six unit townhome property located in Dover, PA. Property is located directly across the street from Lehr Park / Dover Area Community Center which features a playground, library, walking/ fit trail, and ball fields. Minutes from Walmart and the West Manchester Shopping Center. Each of the six townhomes features two bedrooms, one bathroom, and a basement with washer and dryer hookups, making them highly functional and desirable for residents. All units come with private decks, offering outdoor space. The property underwent a complete rehab in 2021, which included modernized kitchen cabinets, sinks, appliances, flooring, and paint, along with updated bathrooms featuring new vanities, mirrors, and fixtures. Additionally, the parking lot was blacktopped in 2021, adding convenience and appeal for residents. All utilities are public. The net operating income (NOI) is $78,223 (Assuming a 7% management fee and using actual profit / loss numbers from 12/1/23 to 11/30/24.). Being sold at a 7% cap rate. Tenants pay for all their utilities (water, sewer, trash, electric). Water / Sewer / Trash bills are sent to the landlord, the landlord then bills back the tenants. Additionally, this property shares a parking lot with another six-unit townhome complex, which is not owned by the same seller. Should that neighboring property become available in the future, it presents a potential opportunity to expand your portfolio with an additional six units. Don’t miss the chance to make it yours!
Property Facts
| Price | $1,120,000 | Property Type | Multifamily |
| Price Per Unit | $186,667 | Apartment Style | Townhome |
| Sale Type | Investment | Building Size | 7,650 SF |
| Cap Rate | 6.98% | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1984/2021 |
| Price | $1,120,000 |
| Price Per Unit | $186,667 |
| Sale Type | Investment |
| Cap Rate | 6.98% |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 7,650 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
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zoning
| Zoning Code | Rs (Medium Density Residential) |
| Rs (Medium Density Residential) |
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3704 Davidsburg Rd - Davidsburg Townhomes, LLC
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