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Informations principales sur 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 analytique
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.
Informations sur l’immeuble
| Type de vente | Investissement | Surface du lot | 1,4 ha |
| Nb de lots | 75 | Surface de l’immeuble | 7 084 m² |
| Type de bien | Immeuble residentiel | Occupation moyenne | 96% |
| Sous-type de bien | Appartement | Nb d’étages | 3 |
| Style d’appartement | Avec jardin | Année de construction | 1963 |
| Classe d’immeuble | C | Ratio de stationnement | 0,07/1 000 m² |
| Zonage | NCAP | ||
| Type de vente | Investissement |
| Nb de lots | 75 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 1,4 ha |
| Surface de l’immeuble | 7 084 m² |
| Occupation moyenne | 96% |
| Nb d’étages | 3 |
| Année de construction | 1963 |
| Ratio de stationnement | 0,07/1 000 m² |
| Zonage | NCAP |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Balcon
- Prêt pour le câble
- Lave-vaisselle
- Broyeur d’ordures
- Micro-ondes
- Chauffage
- Ventilateurs de plafond
- Sols carrelés
- Cuisine avec coin repas
- Cuisine
- Accès internet à haut débit
- Cuisinière
- Baignoire/Douche
- Dressing
- Moquette
- Salle à manger
- Sol en vinyle
- Couvre-fenêtres
Caractéristiques du site
- Laverie
- Aire de jeux
- Property Manager sur place
- Aire de jeu pour animaux de compagnie
- Entretien sur site
- Services en ligne
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 940 269 € | |
| Évaluation du terrain | 272 494 € | Évaluation totale | 1 212 764 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
272 494 €
Évaluation des aménagements
940 269 €
Évaluation totale
1 212 764 €
1 sur 18
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Westover Pointe | 3403 Lancaster Pike
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