Delaware County Portfolio

About Delaware County Portfolio

The Cushman and Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present The Delaware County Portfolio, a demonstrated value-add opportunity just 15 minutes from Downtown Philadelphia. Totaling 40 units, the two Properties Dutton Place and Cannon Court are within 1.5 miles of each other, and can be acquired in tandem with Washington Square in Prospect Park, PA. These sister communities are well-positioned for a value-add strategy, programmatically making cosmetic renovations of existing kitchens and bathrooms, while reducing operating expenses, and increasing rents substantially. The Delaware County Portfolio as well as Washington Square, offer a rare opportunity to acquire multi-generational assets that can be centrally managed.

Thanks to its affordability and its growing, healthcare-driven economy, Philadelphia has long been known as one of the most stable major apartment markets., with trailing 12-month asking rent growth running at an impressive 9.3% in the fourth quarter of 2021. Suburban apartment performance continues to rise, with many employers allowing their workers to work remotely, Suburban Philadelphia rent growth is forecasted to post a 10% year over year gain, compared to a 4% increase in 2020.