UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Unit/Flat/Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $215
Subdivision None Available
MLS Listing ID DESU2116898
Style Unit/Flat
Bedrooms 9
Full Baths 4
HOA Y/N N
Abv Grd Liv Area 4,400
Year Built 1965
Property Sub-Type Unit/Flat/Apartment
Source BRIGHT
Property Description
The building features four thoughtfully designed residential units, including one spacious 3-bedroom, 1-bath residence and three well-appointed 2-bedroom, 1-bath residences. Extensive renovations have already been completed! Improvements include a brand-new roof, five new 200-amp electrical services, individually metered water and electric for each unit, separate high-efficiency HVAC systems, all-new plumbing throughout, and a professionally installed fire sprinkler system with a monitored alarm for enhanced safety and peace of mind. The heavy lifting has already been completed—simply install the appliances!
Ideally located just moments from Route 1, this property benefits from convenient access to shopping, dining, healthcare, schools, and Delaware's beach destinations, making it highly attractive to future tenants and investors alike.
Beyond its immediate income potential, this offering presents a compelling opportunity for future growth. Subject to buyer due diligence and all required zoning, municipal approvals, the property may support the construction of an additional multifamily building on the existing parcel, providing the potential to significantly expand rental inventory and maximize long-term returns. Buyer to do due diligence regarding square footage of each unit.
Whether you're seeking a stabilized income-producing asset, a strategic addition to an investment portfolio, or a property with future development potential, this is a distinctive opportunity to invest in the continued growth and revitalization of Milford. Schedule your private tour today and discover the possibilities this exceptional property has to offer.
Location
State DE
County Sussex
Area Cedar Creek Hundred (31004)
Zoning RESIDENTIAL
Rooms
Main Level Bedrooms 5
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Private Pool No
Building
Story 2
Unit Features Garden 1 - 4 Floors
Foundation Crawl Space
Above Ground Finished SqFt 4400
Sewer Public Septic, Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 2
Additional Building Above Grade
New Construction N
Schools
School District Milford
Others
Senior Community No
Tax ID 130-01.02-38.02
Ownership Fee Simple
SqFt Source 4400
Special Listing Condition Standard
Nearby Locations
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