Hampton Walk sold, renovations planned

Buyer to take over seller's repositioning vision

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Hampton Walk, a 370-unit multifamily community in New Castle, Del., recently sold for nearly $17.3 million. Evergreen Realty Inc. purchased the asset from MPI Hampton Walk LLC at a price that represents $46,622 per unit. Located at 1627 New Jersey Ave., the 264,200-square-foot community consists of 94 two-story buildings situated on a 16.65-acre lot, just off Dupont Highway. Hampton Walk features 133 one-bedroom/one-bath units and 237 two-bedroom/one-bath units. Recent renovations include new kitchens in approximately one-third of the units, new fencing around the leasing office and new shutters on all first-floor windows. Evergreen Realty plans to continue to add value through further kitchen, bathroom and common-area renovations, according to a press statement. *** What's your opinion? Leave your comments below or send a letter to the editor. ...