2445 Old Battery Lane

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2445 Old Battery Lane

Delaware City, DE 19706
Asking Price
$135K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily duplex located at 2445 Old Battery Lane in Delaware City.
  • The property is situated within the historic Fort DuPont complex area.
  • Asking price for this apartment building asset is set at 135000.
  • Delaware City provides a strategic riverside location within Delaware state.
  • This residential duplex asset is currently available for purchase.

What's Special

Delaware City serves as a historic hub along the Delaware River, offering a unique setting near the Fort DuPont complex. This multifamily apartment building, specifically a duplex, represents a localized investment opportunity within this quiet, established corridor. The surrounding region benefits from its proximity to regional transit routes and the ongoing redevelopment efforts aimed at preserving the character of the riverside community. This property is suited for investors looking to acquire residential rental assets in a distinct, growth-oriented submarket. Given the duplex configuration, the asset allows for straightforward management and potential income generation through residential leasing. With Delaware City maintaining steady appeal for those drawn to waterfront living and historic architecture, this offering presents a functional addition to a focused portfolio.

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NOI
$80,000
Cap Rate
59.26%
DSCR
9.98
Strong
Cash-on-Cash
177.74%
Monthly Payment
$667.906
Annual Cash Flow
$71,985.124

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