Property

Milford, DE 19963 45 Whispering Oak Drive

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Presented By: Keller Williams Realty
  • MLS# DEKT2034600
  • 01/29/2025
  • Request Tour
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  • SQFT • 4,400

Home Details

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.
Presented By: Keller Williams Realty

Interior Features for 45 Whispering Oak Drive

Other Interior Features

Central Air Y/NNo
FlooringVinyl, Carpet, Luxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 45 Whispering Oak Drive

Acceptable FinancingCash, Conventional
AccessibilityNo Stairs
Association Recreation FeeN
Avg. Electric Per Month90.0
Business TypeApartment Building
CityMILFORD
Construction MaterialsConcrete, Vinyl Siding, Frame
Cool FuelNone
CoolingNone
CountyKENT
DirectionsFrom Dover: travel south on route 1. Exit ramp to Thompsonville Road. Turn right onto Thompsonville Rd. Turn right onto Paris Kirby Road. Continue onto Big Stone Beach Rd. Whispering Oak DR is on you
HeatingBaseboard - Electric
Historic Y/NNo
Insurance Expense2001.00
Lease Considered Y/NNo
Location TypeRural
Lot Size Square Feet91476.00
Lot Size UnitsSquare Feet
MLS AreaMilford (30805)
New ConstructionNo
Number Of Units Total8
OwnerPaysInsurance, Management, Pest Control, Sewer Maintenance, Taxes - Real Estate
OwnershipFee Simple
PossessionSettlement
Possible UseApartments, Double-Wide, Investment
Price Per Sq Ft Total AG135.71
Property ConditionAverage
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofShingle
SewerGravity Sept Fld
Standard StatusActive
StatusACTIVE
Tax Annual Amount2365.0
Tax Assessed Value627700.0
Tax Lot1100-000
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1961
Year Built SourceAssessor
ZoningAC

Exterior for 45 Whispering Oak Drive

Building Area Total5600.00
Car Parking Spaces15
Foundation DetailsConcrete Perimeter
Land Assessed Value199300.00
Land Use Code
Lot Dimensions2.10 x 0.00
Lot FeaturesPartly Wooded, Private
Lot Size Acres2.10
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces15
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourceCommunity, Well-Shared
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Brian Lee

Associate
Price $760,000
MLS#DEKT2034600
List Date 01/29/2025
Property Type Commercial
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