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 Market107
Property Features for 1 S Washington St
General Information
Standard status
Active
Building Details
Year Built
1900
Listing Agency:
Myers Realty
(302) 346-3196
Listed By:
Albert C Leskovar Jr. · License #RS-0018925
Source:
Kandorre
Added: May 15
Changed: Aug 23
Last Checked: Aug 28 at 12:57PM
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
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
