Overview
SAGE Real Estate Advisors is pleased to present Riverside on the Delaware, a 156-unit apartment community located in the serene area of Matamoras, PA. Built in 2022, this community features a mix of one- and two- bedroom residences complemented by on-site laundry facilities, ample parking, a fitness center, and welcoming clubhouse. Nestled in an idyllic setting rich with small town charm, the property combines modern amenities, scenic beauty, and a strong community, at an accessible price, making it an attractive investment.
Investment Highlights
Prime Location: Minutes from Milford, PA
An arts and outdoor activity hub on the Delaware River, Milford PA is home to many restaurants, coffee shops and breweries.
Stabilized, Income Producing Portfolio
The property has 156 residential units with a strong, stabilized income producing portfolio.
Upside Potential
Based on similar vintage properties in the surrounding area we are projecting a potential 30%+ upside from existing rent roll.
Attractive Net Operating Income
$2.47M after expenses of $1.07M. Strong NOI relative to gross income demonstrates efficient cost management and healthy margins.
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Sales Team
