Listing Agency: Coldwell Banker Premier

Listed By: Jeffery Kemp · License #DE RS-0023702

Source: Crexi

Added: Apr 11 Changed: Sep 2 Last Checked: Sep 4 at 11:19PM

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Investment Insights

Based on property information with market context.

This sale offers a package of income-producing rentals known as "London Village," comprising a total of seven units. The offering is described as generating $5,100 in monthly rental income across the units.

The property is located at 539 Millchop Lane in Magnolia, Delaware.

For buyers and investors looking for a multi-unit rental package, this configuration provides seven separate units within a single acquisition.

Key Highlights

• Package of 7 income‑producing rental units known as “London Village”
• Total reported rental income of $5,100 per month

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage Electrical Service Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Explore this area Business Placement

Demographics for 19962, DE

13,692

Population

4,730

Households

2.9

Avg Household Size

38

Median Age

40%

College-Educated

93%

High-School Grad

14.6 sq mi

ZIP Area

938

Density / Sq Mi

$107,868

Median Household Income

$52,110

Median Earnings

$1,205

Median Rent

$357,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Package includes seven income-producing rental units under the "London Village" name.

Where is this apartment building located?

The property is located at 539 Millchop Lane Magnolia, DE.

What are key features of this property?

This property features: Package of 7 income‑producing rental units known as “London Village”; Total reported rental income of $5,100 per month