Milford Apartment Building Investment
For Sale
$1,200,000
1 S WASHINGTON ST, Milford, DE 19963
High-performing apartment building in the heart of Milford.
Property SizeContact for details
Days on Market154
Property Features for 1 S WASHINGTON ST
General Information
Standard status
Active
Listing Agency:
Myers Realty
(302) 674-4255
Listed By:
Albert C Leskovar Jr. · License #RS-0018925
(302) 423-0276
Source:
Davidyungmann.myrealestateplatform
Added: May 15
Changed: Oct 8
Last Checked: Oct 14 at 10:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myers Realty
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Investment Insights
Based on property information with market context.
This well-maintained apartment building presents an investment opportunity in the heart of the City of Milford. The property offers a combination of stable long-term cash flow and potential for immediate value-add. Located in the center of the city, the property provides tenants with walkability and convenience. Recent upgrades include window replacements in most units. The building features a private parking lot and on-site laundry facilities. Utilities are separately metered. There is an opportunity for the new owner to increase rents. The property has a bike score of 50, indicating it is bikeable, and a walk score of 74, indicating it is very walkable.
Key Highlights
- Unbeatable central location in Milford with high walkability (Walk Score 74)
- Immediate upside potential through rent increases
- Significant Capex savings due to recent window replacements
Property Analytics
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Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
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Business Placement
Demographics for 19963, DE
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - High-performing apartment building in the heart of Milford.
Where is this apartment building located?
The property is located at 1 S WASHINGTON ST Milford, DE.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Unbeatable central location in Milford with high walkability (Walk Score 74); Immediate upside potential through rent increases; Significant Capex savings due to recent window replacements
