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Harbor Club Apartments 26 Cheswold Blvd 607 Unit Apartment Building For Sale Newark, DE 19713
INVESTMENT HIGHLIGHTS
- IMMEDIATE SCALE & MARKET PRESENCE
- EXCELLENT VALUE-ADD UPSIDE
- STRATEGIC WORKFORCE HOUSING LOCATION
EXECUTIVE SUMMARY
On behalf of Ownership, CBRE is pleased to present the opportunity to acquire Harbor Club Apartments, a 615-unit garden-style community located at 26 Cheswold Boulevard in the heart of Newark, Delaware. Spanning 28 acres and offering a mix of studio, one, two, and three-bedroom layouts, Harbor Club provides residents with a spacious, neighborhood-like environment just minutes from major employment and lifestyle anchors.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 27.95 AC |
| No. Units | 607 | Building Size | 506,760 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2020 |
| Building Class | C | Parking Ratio | 1.7/1,000 SF |
| Zoning | NCAP - Ncap - Neighbored Conservation-Apartments | ||
| Sale Type | Investment |
| No. Units | 607 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 27.95 AC |
| Building Size | 506,760 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | NCAP - Ncap - Neighbored Conservation-Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | 281 |
| 1+1 | 242 | - | 430 - 735 |
| 2+1 | 264 | - | 890 |
| 2+2 | 35 | - | 890 - 1,071 |
| 3+2 | 52 | - | 1,071 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,416,563 CAD | |
| Land Assessment | $2,289,099 CAD | Total Assessment | $12,705,663 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,289,099 CAD
Improvements Assessment
$10,416,563 CAD
Total Assessment
$12,705,663 CAD
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Harbor Club Apartments | 26 Cheswold Blvd
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