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Faits saillants de l'investissement
- Value-Add Potential: Opportunity to Increase Rents by 15-20% by Renovating Kitchens and Bath
- Attractive Unit Mix: Offers 9 One-Bedroom (13%), 49 Two–Bedroom (69%) and 13 Three-Bedroom (18%)
- Proximity to Employment Hubs: Convenient Access to Major Employment Centers, including Wilmington’s Banking and Financial District, and ChristianaCare
- Strong Occupancy: Current and Historical Occupancy Rate for Apartments is 95% or Higher
- Accessibility & Connectivity: Situated on Lancaster Pike (Route 48), Minutes from Route 141, Kirkwood Highway (Route 2), and Interstate 95
Résumé de l'annonce
Located along Lancaster Pike in Wilmington, Delaware, Westover Pointe consists of 71 multifamily apartments and four commercial spaces. The property benefits from proximity to the Greater Philadelphia Metropolitan Area, diverse employment drivers, and strong regional transportation connectivity. The area’s stable economic base and sustained housing demand continue to support consistent multifamily performance, positioning Westover Pointe as an attractive long-term investment opportunity.
Westover Pointe is a well-maintained garden-style community offering a desirable mix of one-, two-, and three-bedroom apartment homes averaging approximately 932 square feet, of which 87% of the units have two and three bedrooms. The property provides residents with spacious floor plans and attractive living spaces designed to meet the needs of the local workforce renter base. Current in-place rents remain approximately 15–20% below market, presenting investors with a clear opportunity to capture meaningful rental upside through natural lease turnover and strategic renovations to kitchens and baths.
Situated along Lancaster Pike (Route 48), Westover Pointe benefits from immediate access to major transportation routes, including I-95, I-295, Route 141, and Route 7, providing seamless connectivity throughout both Greater Wilmington and the Philadelphia Region. Residents enjoy convenient access to major employment centers such as Wilmington’s banking and financial district (JPMorgan Chase, Bank of America, Capital One), ChristianaCare, and AstraZeneca, as well as bustling retail corridors and everyday neighborhood amenities.
Currently operating with stabilized residential occupancy, Westover Pointe Apartments provides investors with immediate cash flow and significant value-add potential. The property offers the opportunity to increase revenue through natural lease turnover and interior upgrades to kitchens and bathrooms, capturing upside in a proven, high-demand workforce rental market. Combined with diversified income and strong regional fundamentals, Westover Pointe is positioned for long-term NOI growth and sustained performance.
Westover Pointe is a well-maintained garden-style community offering a desirable mix of one-, two-, and three-bedroom apartment homes averaging approximately 932 square feet, of which 87% of the units have two and three bedrooms. The property provides residents with spacious floor plans and attractive living spaces designed to meet the needs of the local workforce renter base. Current in-place rents remain approximately 15–20% below market, presenting investors with a clear opportunity to capture meaningful rental upside through natural lease turnover and strategic renovations to kitchens and baths.
Situated along Lancaster Pike (Route 48), Westover Pointe benefits from immediate access to major transportation routes, including I-95, I-295, Route 141, and Route 7, providing seamless connectivity throughout both Greater Wilmington and the Philadelphia Region. Residents enjoy convenient access to major employment centers such as Wilmington’s banking and financial district (JPMorgan Chase, Bank of America, Capital One), ChristianaCare, and AstraZeneca, as well as bustling retail corridors and everyday neighborhood amenities.
Currently operating with stabilized residential occupancy, Westover Pointe Apartments provides investors with immediate cash flow and significant value-add potential. The property offers the opportunity to increase revenue through natural lease turnover and interior upgrades to kitchens and bathrooms, capturing upside in a proven, high-demand workforce rental market. Combined with diversified income and strong regional fundamentals, Westover Pointe is positioned for long-term NOI growth and sustained performance.
Faits sur la propriété
| Type de vente | Investissement | Taille du lot | 3,46 AC |
| Nombre d’unités | 75 | Taille du bâtiment | 76 250 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 96% |
| Sous-type de propriété | Appartement | Nombre d’étages | 3 |
| Style d’appartement | Jardin | Année de construction | 1967 |
| Classe d’immeuble | C | Ratio de stationnement | 0,79/1 000 pi² |
| Zonage | NCAP | ||
| Type de vente | Investissement |
| Nombre d’unités | 75 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 3,46 AC |
| Taille du bâtiment | 76 250 pi² |
| Occupation moyenne | 96% |
| Nombre d’étages | 3 |
| Année de construction | 1967 |
| Ratio de stationnement | 0,79/1 000 pi² |
| Zonage | NCAP |
Commodités
Commodités des unités
- Climatisation
- Balcon
- Prêt pour le câble
- Lave-vaisselle
- Traitement des déchets
- Micro-ondes
- Chauffage
- Ventilateurs de plafond
- Planchers de tuiles
- Cuisine avec coin repas
- Cuisine
- Accès Internet à haute vitesse
- Fourchette
- Bain/Douche
- Walk-in
- Tapis
- Salle à manger
- Plancher de vinyle
- Couvre-fenêtres
Commodités du site
- Installations de lessive
- Terrain de jeu
- Gestionnaire d'immeuble sur place
- Espace de jeu pour animaux de compagnie
- Entretien sur place
- Services en ligne
- Sans ascenseur
1 1
Assez praticable à pied
50/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 1 482 341 $ CAD | |
| Évaluation du terrain | 429 589 $ CAD | Évaluation totale | 1 911 930 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
429 589 $ CAD
Évaluation des bâtiments
1 482 341 $ CAD
Évaluation totale
1 911 930 $ CAD
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Vidéos
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Vue depuis la rue
Rue
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Présenté par
Westover Pointe | 3403 Lancaster Pike
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