420 Smyrna Clayton Blvd Smyrna, DE 19977
- Apartment buildings
- 18,000 SF
- 0.20 lot acres
Current Use by Public Records
- Penn Vernon / Apartment Building
Property Details for 420 Smyrna Clayton Blvd
- Lot size
- 0.20 lot acres
- Property size
- 18,000 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smyrna
- County
- Kent
- State
- Delaware
- Longitude
- -75.6123
- Latitude
- 39.2974
