Student Rental Income
For Sale
Contact for pricing
Pending
61 Kennard Dr, Newark, DE 19711
Four student rental units on one property are fully occupied, with leases secured for three units for the next year.
Property SizeContact for details
Days on Market117
Property Features for 61 Kennard Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
eXp Commercial
(484) 947-7137
Listed By:
Lori Livingston · License #PA 336930
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Aug 4 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
This offering presents an opportunity to own (4) student rental units in a single property. The units are described as fully occupied for the 2021–2022 year, and leases are secured for (3) of (4) units for the 2022–2023 year.
The property is positioned on the same block, and the listing notes that all tenants pay all utilities.
The current rent collection and lease status are provided in the public remarks, with the property currently operating as a student rental arrangement across four units.
The property is positioned on the same block, and the listing notes that all tenants pay all utilities.
The current rent collection and lease status are provided in the public remarks, with the property currently operating as a student rental arrangement across four units.
Key Highlights
- Own four student rental units on the same block in Newark, DE.
- Property is fully occupied for the 2021–2022 year.
- All tenants pay all utilities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 19711, DE
48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four student rental units on one property are fully occupied, with leases secured for three units for the next year.
Where is this multifamily property located?
The property is located at 61 Kennard Dr Newark, DE.
What are key features of this property?
This property features: Own four student rental units on the same block in Newark, DE.; Property is fully occupied for the 2021–2022 year.; All tenants pay all utilities.
