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2616 Philadelphia PikeClaymont, DE 19703
Hillside Pointe
Asset ClassMultifamily
overview of deal

Overview

Hillside Pointe is a 206-unit garden apartment community on 11.05 acres at 2616 Philadelphia Pike in Claymont, Delaware, about 1.8 miles from SEPTA's Claymont Station and close to I-95, I-495, and U.S. Route 13. The property includes 19 apartment buildings and a house, five street-front retail shops, and five rental garages. Occupancy is 90.8%. There is no rent control. Amenities include a swimming pool, fitness center, playground, and a pet-friendly community. Many interiors have been upgraded.

Investment Highlights

  • 206 garden apartments on an 11.05-acre site, plus five street-front retail shops and five rental garages
  • 90.8% occupancy
  • 1.8 miles to SEPTA Claymont Station; access to I-95, I-495, and U.S. Route 13
  • No rent control
  • Amenities: pool, fitness center, playground, pet-friendly
  • 19 apartment buildings plus a house; year built 1961

Property Overview

Details
Address
2616 Philadelphia Pike, Claymont, DE 19703
County
New Castle
Property Type
Multifamily (garden apartments) with five street-front retail shops
Year Built
1961
Land Area
11.05 acres
Parcel ID
06-096.00-078
Buildings
19 apartment buildings + 1 house
Parking
Surface lots + 5 garages
Occupancy
90.8%
1 Bed / 1 Bath
94 units, 759 SF
2 Bed / 1 Bath
102 units, 875 SF
2 Bed / 2 Bath
6 units, 900 SF
3 Bed / 1 Bath
3 units, 1,000 SF
4 Bed / 2 Bath House
1 unit, 1,400 SF
Retail
5 units
Total Unit Count
211 (206 residential + 5 retail)
2616 Philadelphia PikeClaymont, DE 19703

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