Three-Parcel Mobile Home
For Sale
$200,000
31414 COLLINS Court, Millsboro, DE 19966
Multi-Family, MILLSBORO, DE
Property Size1,008 SF
Lot Size0.35 Acres
Price / SF$198.41
Days on Market60
Property Features for 31414 COLLINS Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
3
Parking features
Driveway
Elementary school district
INDIAN RIVER
Middle school district
INDIAN RIVER
High school district
INDIAN RIVER
Standard status
Active
Size
1,008 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
246
Building Details
Year built
1989
Number of units
3
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Keller Williams Realty
(302) 360-0300
Listed By:
Jonna Shea Heritage
(302) 932-9304
Added: Aug 17
Changed: Sep 8
Last Checked: Oct 15 at 12:06AM
MLS# DESU2118576
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines three adjoining parcels with an existing mobile-home rental configuration. Two parcels provide land rentals for tenant-owned mobile homes, while the third includes a seller-owned 2-bedroom, 2-bath mobile home. The residence contains 1008 square feet and was built in 1989, with aluminum siding and a driveway. The tenant-owned mobile homes are not part of the sale.
The parcels are located at 22170 Atkins Court, 22162 Atkins Court, and 31414 Collins Court in Millsboro, Delaware. All three properties are being conveyed together and currently share one well and one septic system. The combination includes two occupied lot-rental parcels and one rented seller-owned mobile home, creating multiple existing rental components within a contiguous 0.35-acre holding.
The parcels are located at 22170 Atkins Court, 22162 Atkins Court, and 31414 Collins Court in Millsboro, Delaware. All three properties are being conveyed together and currently share one well and one septic system. The combination includes two occupied lot-rental parcels and one rented seller-owned mobile home, creating multiple existing rental components within a contiguous 0.35-acre holding.
Key Highlights
- Three adjoining parcels offered and sold together
- 0.35 acres across the combined holding
- Seller‑owned 2‑bedroom, 2‑bath mobile home included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,902
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,040
$198.0K
Cap Rate 7%
$141,457
$141.5K
Cap Rate 9%
$110,022
$110.0K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$19.1K $18.96/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$18.0K $17.86/SF
− OpEx
−$8.1K −$8.04/SF
NOI
$9.9K $9.82/SF
Area
Sussex County, DE
Vacancy
5.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,040
Cap Rate 7%
$141,457
Cap Rate 9%
$110,022
Alternative Uses
Best Use
Apartment 5plus
$141.5K
$123.8K – $165.0K
NOI $9,902 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.0K
$242.4K – $323.2K
NOI $19,390 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 19966, DE
32,520
Population
19,625
Households
1.7
Avg Household Size
53
Median Age
28%
College-Educated
90%
High-School Grad
89.1 sq mi
ZIP Area
365
Density / Sq Mi
$75,436
Median Household Income
$36,815
Median Earnings
$1,293
Median Rent
$282,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Includes one seller-owned residence and two separate sites occupied by tenant-owned mobile homes.
Where is this mobile home & rv park located?
The property is located at 31414 COLLINS Court Millsboro, DE.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Three adjoining parcels offered and sold together; 0.35 acres across the combined holding; Seller‑owned 2‑bedroom, 2‑bath mobile home included
