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    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

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    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.
    (302) 360-0300
    Request Owner's contact information
    45 Whispering Oak Dr Milford, DE 19963
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45 Whispering Oak Dr Milford, DE 19963
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