45 Whispering Oak Dr, Milford, De 19963
$800,000 Investment Property with Multi-Unit Potential
Seize this rare opportunity to own a 3.9-acre property featuring eight efficiency apartments and one land lease.
Upon driving onto the private lane you will see the double wide on the left which is the land lease. Driving down further you will see 3 separate single level buildings, totaling 8 apartments. Each 550 sq. ft. apartment includes 2 bedrooms, 1 bathroom, kitchen/dining combo, living room , and baseboard heating. Recent updates include LVP flooring in kitchens/living rooms, carpet in bedrooms, and full upgrades to Building 1, including new windows and a roof.
The property is equipped with three septic systems, one shared well with a pump house, and concrete foundations. All units are leased until August 1, 2025. Additional $20/month paid by each tenant for trash service. An on-site mobile home is on land lease -home is owned by the maintenance man, who will come with the property and ensures smooth operations. Property is subject for rent increase when the current lease is up.
Whether you’re expanding your portfolio or seeking a high-potential rental investment, this property delivers immediate income and future possibilities. Pictures show interior of unit 2.
Contact Jack Lingo
Essentials
MLS Number
Dekt2034600
List Price
$800,000
Standard Status
Active
Year Built
1961
New Construction
N
Property Type
Commercial Sale
Waterfront
N
Location
Address
45 Whispering Oak Dr, Milford, De
Acres
2.10
Lot Features
Partly Wooded, private
Interior
Heating
Baseboard - Electric
Heating Fuel
Electric
Cooling
None
Hot Water
Electric
Flooring
Vinyl, carpet, luxury Vinyl Plank
Interior Features
Appliances
Additional Information
Listing courtesy of Keller Williams Realty.