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420 Smyrna Clayton Blvd Smyrna, DE 19977

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For Sale
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20-Unit Multifamily Investment Opportunity

Property size:
18,000 SF

Property Features for 420 Smyrna Clayton Blvd

General Information

Property type
Multifamily properties
Square Feet
18,000 SF
Lot Size
8,712 SF

Building Details

Buildings
2
Units
20

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Listing Contact
Larry W Thompson Jr.

Listing Agency: Olson Realty Listing Agent: Larry W Thompson Jr.

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional multifamily investment opportunity presents a well-maintained 20-unit apartment complex situated in the desirable town of Smyrna, Delaware. The property comprises two buildings totaling over 18,000 square feet on approximately 0.2 to 1.3 acres of land. Each of the 20 units is a spacious townhome-style apartment, boasting approximately 900 square feet of living space. All units feature two bedrooms and one bathroom, along with the convenience of in-unit washer and dryer hookups. The individual townhome design provides each unit with its own separate entrance and address, enhancing privacy and appeal to tenants. The property's prime location offers easy access to major roadways, including Route 1 and Route 13, placing residents within close proximity to a variety of amenities. Nearby conveniences include banks, restaurants, town offices, and public schools. Utilities are provided by the Town of Smyrna (water, sewer, and electric) and Chesapeake Utilities (natural gas), ensuring a streamlined management process. This property presents a compelling investment opportunity due to its strong tenant base, desirable location, and well-maintained condition. The two parcels offer potential for future development or expansion. This is an excellent opportunity to acquire a stable, income-generating asset in a thriving Delaware community.
Property Profile Location Intelligence

Current Use by Public Records

Penn Vernon Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Smyrna
County
Kent
State
Delaware
Longitude
-75.6123112
Latitude
39.2974149

FAQs

What type of property is this?
Multifamily property - 20-Unit Multifamily Investment Opportunity
Where is this multifamily property located?
The property is located at 420 Smyrna Clayton Blvd Smyrna, DE.
What are key features of this property?
This property features: 2 Parcels totaling over 18,000 square feet on approximately 0.2 to 1.3 acres.; 20 Units: Two-bedroom, one-bathroom apartments.; Units average 900 square feet.
(302) 674-3400 Call to check price and availability
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