For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

45 Whispering Oak Dr Milford, DE 19963

Sponsored
For Sale
$800,000

Eight-unit complex on 2.1 acres, immediate income.

Property size:
5,600 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional investment property in Milford, Delaware, presents a unique opportunity to acquire a substantial multi-family complex situated on a 2.1-acre lot. The property comprises three buildings housing eight efficiency apartments, each generously sized at 550 square feet. Each unit boasts two bedrooms, one bathroom, a combined kitchen and dining area, a living room, and baseboard heating. Recent renovations have enhanced the property's appeal, with new luxury vinyl plank (LVP) flooring installed in the kitchens and living rooms, new carpeting in the bedrooms, and a complete overhaul of Building 1, including a new roof and windows. The property also includes a 1.8-acre vacant lot with an existing easement for a neighboring property. Three separate septic systems serve the complex, and a shared well with a pump house provides water. All units are currently leased until August 1, 2025, generating immediate rental income. Tenants pay an additional $20 per month for trash service. An on-site mobile home, currently occupied by the property's maintenance man under a land lease, is included in the sale. The maintenance man's continued presence ensures seamless property management. The property's solid concrete foundations and recent upgrades contribute to its long-term value and potential for future growth. This is an ideal opportunity for investors seeking immediate returns and significant long-term appreciation. The total building square footage is 5,600 square feet.

Property Features for 45 Whispering Oak Dr

General Information

Property type
Residential income properties
Square Feet
5,600 SF
Lot Size
91,476 SF

Building Details

Year Built
1961

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Map

City
Milford
County
Kent
State
Delaware
Longitude
-75.39307
Latitude
38.96974

FAQs

What type of property is this?
Residential income property - Eight-unit complex on 2.1 acres, immediate income.
Where is this residential income property located?
The property is located at 45 Whispering Oak Dr Milford, DE.
What is the asking price?
The asking price for this property is $800,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message