Donovan Mackey

SOLD: 22-unit multi-family property has sold in Dover, Del.

(05/2014) Dover, Del. –
Donovan Mackey and Brady Carroll of KW Commercial have closed a 22-unit, Class C, value-add multi-family property in Dover, Del. The building was originally built in 1890 and renovated in 1980. The new owners plan to upgrade units immediately and attract the students of nearby Wesley College, just a few blocks away, while increasing rental income and creating value.

Mackey and Carroll represented the seller and procured the buyer, a multi-family property investor from New Jersey, in the transaction. The listing was an off-market tranaction per the seller's request. All marketing was handled in-house by Mackey and Carroll and was completely confidential.