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Property profile & analytics
OFF-MARKET
Apartment buildings

420 Smyrna Clayton Blvd Smyrna, DE 19977

18,000 SF 0.2 ac lot
Property ID
Property summary
AI-generated 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
Verified
Property type Apartment buildings
Total area 18,000 SF
Lot 0.2 ac (8,712 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Penn Vernon Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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