45 Whispering Oak Dr Milford, DE 19963

Property Details for 45 Whispering Oak Dr

Year built

1961

Lot size

2.10 lot acres

Property size

5,600 SF

Zone code

AC

Property type

Commercial real estate

APN

5-00-164.00-01-11.00-000

APU

50016400011100000

Description

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.

Location Insight

City

Milford

County

Kent

State

Delaware

Longitude

-75.3928

Latitude

38.9698

CBSA code

20100

CBSA name

DOVER, DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments