1201 Middleford Rd, Seaford, De 19973
$825,000 High-Yield Investment Property outside of city limits but adjacent to water, public water, and sewer– Fully Leased with Immediate Cash Flow!
This prime mixed-use property is a turnkey investment generating $11,800/month in gross rental income ($141,600/year) across multiple income-producing assets:
Breakdown of Rental Income:
Commercial Spaces:
Unit 1 (Tire Shop): $1,500/mo
Unit 2 (Barber Shop): $1,500/mo
Unit 3 (Barber Shop): $2,000/mo
Unit 4 (Grocery Store): $1,800/mo
Residential Units – 7 Mobile Homes:
Trailer 1: $1,400/mo
Trailer 2: $1,000/mo
Trailer 3: $650/mo
Trailer 4: Not paying rent
Trailer 5: (Lot Rent Only): $550/mo
Trailer 6: $600/mo
Trailer 7: $800/mo
Stable Tenants + Expansion Potential = Strong ROI
Net Operating Income (NOI): $131,600/year (after estimated $10,000 annual expenses.
Estimated Cap Rate: 15%+ (based on list price – excellent return in today’s market!)
Low Overhead: Minimal owner expenses with separate electric meters and long-term tenants.
Value-Add Opportunity:
? Trailer 7 is not generating income, but it will be an instant income boost once it does!
Why This Property?
It is fully leased with a strong rental history
Diversified income streams (commercial + residential)
Minimal owner responsibilities
Planned improvements for increased revenue
High cash-on-cash return potential
Perfect for investors seeking a high-yield, low-maintenance portfolio addition! Schedule a showing today!
Contact Jack Lingo
Essentials
MLS Number
Desu2080504
List Price
$825,000
Standard Status
Active
Year Built
1950
New Construction
N
Property Type
Commercial Sale
Waterfront
N
Location
Address
1201 Middleford Rd, Seaford, De
Subdivision Name
Island Development
Acres
1.30
Interior
Heating
Other
Heating Fuel
Other
Cooling
Window Unit(s)
Hot Water
Electric
Interior Features
Appliances
Additional Information
Listing courtesy of Century 21 Home Team Realty.