Zommick McMahon Commercial Real Estate is pleased to present this exclusive offering of eight (8) single-family student rental residences located in Newark, Delaware, in close proximity to the University of Delaware campus. This portfolio represents a rare opportunity to acquire a turnkey, income-producing student housing portfolio in one of the Mid-Atlantic region’s most stable university markets. The properties are being offered as a single portfolio. All properties are currently occupied with zero vacancy, generating strong in-place cash flow at a 5.0% capitalization rate.
Located in the heart of Newark, Delaware, the portfolio benefits from immediate proximity to the University of Delaware, one of the region’s premier public universities with enrollment exceeding 23,000 students. The properties are situated within Newark’s established student housing corridor, offering convenient access to campus, Main Street dining and retail amenities, public transportation, and major regional thoroughfares including I-95.
Investment highlights
- (8) single-family student rentals near UD campus
- University of Delaware enrollment drives consistent rental demand
- Opportunity to optimize rents to current market rates
- All 8 properties offered as a single portfolio transaction
Property Features
- Apartments
- Satelite
- Street
- Transit
