2 Burleigh Ct | Newark, DE 19702
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- LoopNet Team
2 Burleigh Ct
Newark, DE 19702
Iron Hill Apartments · Multifamily Property For Sale
·
234 Units
INVESTMENT HIGHLIGHTS
- TREMENDOUS UPSIDE POTENTIAL – Ability to implement an in-unit renovation program with more than 90% of the apartment units in classic condition.
- SOLID CONSTRUCTION – Extremely well-constructed with concrete floors for each building level providing exceptional opportunity for LVT flooring.
- BELOW MARKET RENTS – Current in-place rents on average are $288 per month below the competitive rental communities.
- DESIRABLE FLOOR PLANS – All 2BR and 3BR apartments feature two full bathrooms not typically available at competitive communities.
PROPERTY FACTS
| No. Units | 234 | Building Size | 226,200 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | B | Parking Ratio | 2.21/1,000 SF |
| Lot Size | 16.54 AC | ||
| Zoning | NCAP | ||
| No. Units | 234 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 16.54 AC |
| Building Size | 226,200 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1978 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | NCAP |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Granite Countertops
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Dining Room
- Patio
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Picnic Area
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Planned Social Activities
- Sundeck
- Public Transportation
- Fiber Optic Internet
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 78 | - | - |
| 2+2 | 78 | - | - |
| 3+2 | 78 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,360,400 | |
| Land Assessment | $865,200 | Total Assessment | $5,225,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$865,200
Improvements Assessment
$4,360,400
Total Assessment
$5,225,600
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