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1500 Sharen Dr
Salisbury, MD 21804

$20,250,000 USD

Apartments For Sale • 123,877 SF

Property Details

Property Type Apartments
Total Building Size 123,877 SF
Lot Size 12.08 AC
Building Class C
Year Built 1990
Cap Rate 7.22 %
Zoning LBI

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                Value-Add Renovation Opportunity | Significant Rental Upside
                            
                                Proven Upgrade Strategy | De-Risked Renovation Roadmap
                            
                                Strong, Diversified Unit Mix
                            
                                Attractive In-Place Yield | 7.22 Cap Rate
                            
                                Large Average Unit Size | Broad Demographic Appeal
                            
                                Amenity-Rich Community

Cap Rate:

7.22 %

Amenities

24 Hour Access
Air Conditioning
Clubhouse
Dishwasher
Fireplace
Fitness Center
Playground
Pool
Tennis Court
Washer/Dryer
Basketball Court
Cabana
Granite Countertops
Stainless Steel Appliances
Lounge
Pond

Public Transportation

Airport	Drive	Walk	Distance
Salisbury-Ocean City Wicomico Regional	14 min	-	5.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Zeke Rotter 215-302-4400 Horvath & Tremblay

1500 Sharen Dr Salisbury, MD 21804