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Discover a rare opportunity to own nine steady income streams on a sprawling 3.9-acre parcel just minutes from downtown Milford. This property includes eight (8) two-bedroom apartments and one land lease with an on-site maintenance tenant, offering turnkey stability and built-in management. Each 550 sq. ft. apartment features 2 bedrooms, 1 bath, a kitchen/dining combo, and a cozy living room with baseboard heat. Rents range from $600-$1,000 per month, with current rates sitting well below comparable market rents "” presenting immediate value-add potential for the next owner. All units are currently leased by reliable tenants with consistent rent history. Additional features also include 3 septic systems, shared well, and pump house. Ideal for investors, 1031 exchange buyers, or portfolio builders seeking cash flow and long-term growth potential in one of Delaware's fastest-growing regions just outside Milford city limits with quick access to Rt. 1, the beaches, and Dover.
| DAYS ON MARKET | 276 | LAST UPDATED | 7/14/2025 |
|---|---|---|---|
| YEAR BUILT | 1961 | COMMUNITY | Milford (30805) |
| COUNTY | KENT | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | MILFORD |
|---|
| PRICE HISTORY | |
| Prior to May 21, '25 | $800,000 |
|---|---|
| May 21, '25 - Today | $760,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Milford (30805) |
| CONSTRUCTION | Concrete, Frame, Vinyl Siding |
| HEAT | Baseboard, Electric |
| LOT | 2.1 acre(s) |
| LOT DESCRIPTION | Few Trees, Private |
| LOT DIMENSIONS | 2.10 x 0.00 |
| PARKING | On Street |
| TAXES | 2365 |
| WATER | Shared Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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