Description
Discover a rare opportunity to own nine steady income streams on a sprawling 3.9-acre parcel just minutes from downtown Milford. This property includes eight (8) two-bedroom apartments and one land lease with an on-site maintenance tenant, offering turnkey stability and built-in management. Each 550 sq. ft. apartment features 2 bedrooms, 1 bath, a kitchen/dining combo, and a cozy living room with baseboard heat. Rents range from $600"$1,000 per month, with current rates sitting well below comparable market rents " presenting immediate value-add potential for the next owner. All units are currently leased by reliable tenants with consistent rent history. Additional features also include 3 septic systems, shared well, and pump house. Ideal for investors, 1031 exchange buyers, or portfolio builders seeking cash flow and long-term growth potential in one of Delawares fastest-growing regions just outside Milford city limits with quick access to Rt. 1, the beaches, and Dover.
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0BEDS
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2.1ACRES
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0BATHS
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01/2 BATHS
Description
Discover a rare opportunity to own nine steady income streams on a sprawling 3.9-acre parcel just minutes from downtown Milford. This property includes eight (8) two-bedroom apartments and one land lease with an on-site maintenance tenant, offering turnkey stability and built-in management. Each 550 sq. ft. apartment features 2 bedrooms, 1 bath, a kitchen/dining combo, and a cozy living room with baseboard heat. Rents range from $600"$1,000 per month, with current rates sitting well below comparable market rents " presenting immediate value-add potential for the next owner. All units are currently leased by reliable tenants with consistent rent history. Additional features also include 3 septic systems, shared well, and pump house. Ideal for investors, 1031 exchange buyers, or portfolio builders seeking cash flow and long-term growth potential in one of Delawares fastest-growing regions just outside Milford city limits with quick access to Rt. 1, the beaches, and Dover.
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