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Penn Vernon 420 Smyrna Clayton Blvd

20 Unit Apartment Building $3,950,000 ($197,500/Unit) Smyrna, DE 19977

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Investment Highlights

Close Proximity to Banks and Restaurants
Easy Access to Major Highways

High Ranking Public School System

Executive Summary

18,000 +/- SF pf rental townhome apartments. Property consists of 2 buildings and 20 apartments total. Located in beautiful Smyma, less than 2 miles from Route 1 and Route 13. Close to area banks, restaurants, and a short drive to town offices and public schools.

Brochure

Property Facts

Price	$3,950,000	Lot Size	1.51 AC
Price Per Unit	$197,500	Building Size	18,000 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	20	No. Stories	2
Property Type	Multifamily	Year Built	1985
Property Subtype	Apartment	Parking Ratio	2.5/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$3,950,000
Price Per Unit	$197,500
Sale Type	Investment
No. Units	20
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	1.51 AC
Building Size	18,000 SF
Average Occupancy	100%
No. Stories	2
Year Built	1985
Parking Ratio	2.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.