(Read more on the multifamily market.)
ELKTON, MD-A 156-unit multifamily property in this Marylandsubmarket bordering the state of Delaware has been placed on themarket by MHTJ Enterprises, which is hoping to get $128,205 perunit, or $20 million. The company has also listed a smaller,108-unit apartment complex located in Downtown Wilmington, DE, for$9.7 million.
Buyers can acquire both properties or as individualtransactions, according to Mark Thomson, an associate in thePhiladelphia office of Marcus & Millichap, who is representingthe seller in both sales. Both are almost fully occupied with a 1%vacancy rate.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
