MLS # DEKT2034600
45 whispering oak dr, Milford, DE 19963
$760,000
Commercial Sale
Investment Property with Multi-Unit Potential
Seize this rare opportunity to own a 3.9-acre property featuring eight efficiency apartments and one land lease.
Upon driving onto the private lane you will see the double wide on the left which is the land lease. Driving down further you will see 3 separate single level buildings, totaling 8 apartments. Each 550 sq. ft. apartment includes 2 bedrooms, 1 bathroom, kitchen/dining combo, living room , and baseboard heating. Recent updates in several units include vinyl flooring in ki Read More
Built In 1961
Property Summary
Status:
Active
MLS #
DEKT2034600
Street Address:
45 Whispering Oak Dr
City, State Zip:
Milford, DE 19963
County
Kent
Type:
Commercial Sale
Price
$760,000
Year Built:
1961
Roofing:
Shingle
Property Description
Investment Property with Multi-Unit Potential Seize this rare opportunity to own a 3.9-acre property featuring eight efficiency apartments and one land lease. Upon driving onto the private lane you will see the double wide on the left which is the land lease. Driving down further you will see 3 separate single level buildings, totaling 8 apartments. Each 550 sq. ft. apartment includes 2 bedrooms, 1 bathroom, kitchen/dining combo, living room , and baseboard heating. Recent updates in several units include vinyl flooring in kitchens/living rooms, carpet in bedrooms, and newer room and windows in building 1. The property is equipped with three septic systems, one shared well with a pump house, and concrete foundations. All units are leased until August 1, 2025. Additional $20/month paid by each tenant for trash service. An on-site mobile home is on land lease -home is owned by the maintenance man, who will come with the property and ensures smooth operations. Property is subject for rent increase when the current lease is up. Whether you’re expanding your portfolio or seeking a high-potential rental investment, this property delivers immediate income and future possibilities. Pictures show interior of unit 2.Property Details
Property & Interior Info:
Existing Name:
Flooring:
Vinyl, Carpet, Luxury Vinyl Plank
Accessibility:
No Stairs
Items Included:
Heating & Cooling:
Cooling:
None
Heating:
Baseboard - Electric
Utilities:
Water:
Community,Well-Shared
Sewer:
Gravity Sept Fld
Utilities On Site:
Building & Construction:
Type:
Commercial Sale
Lot Dimensions:
2.10 x 0.00
Exterior Type:
Roofing:
Shingle
OTHER PROPERTY INFO
City:
Milford
Area:
Milford (30805)
In City Limits:
No
New Construction:
No
Historic Distict:
No
Last Price Change:
06/03/2025 10:24:58
# of Day on Market:
131 Days
Financial Info:
List Price:
$760,000
County Tax:
359
Annual HOA Fees:
$0
Annual Condo Fees:
$0
Financing Type:
Cash, Conventional
LISTING FIRM
Listing Agent:
Keller Williams Realty
Listing Firm Phone:
2147483647
ASK A QUESTION
Call us at 302-344-9002 or use the form below to contact us regarding this property or to request a private showing.