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Representative Lane 1 Multifamily Properties Offered at $995,000 in Dover, DE
Executive Summary
Three Income Producing Townhouses in Dover, Delaware for sale. Beautiful 3 Bedroom 2.5 Bath Townhouses have quarry tile floor entrance, quarry tile kitchen with quartz counters and tile backsplash. Large master bath has tile shower, soaking tub and quartz counters. These sophisticated townhouses generate some of the highest rental income in the area. All three are located in the small, intimate development of Senator's Lake and are close to one another. Portfolio price is for all three. Individual townhouses priced upon request. Appraised in 2024 at $347,000 each
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $995,000 | Status | Active |
| Price / SF | $473.81 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.30% | Total Building Size | 2,100 SF |
| Sale Type | Investment or Owner User |
| Price | $995,000 |
| Price / SF | $473.81 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.30% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,100 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Representative Ln, Dover, DE 19904 | Multifamily | 2,100 SF | 2014 | - |
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