1 S Washington Street, Milford, DE 19963

USD 1,200,000

For Sale MLS: DESU2111998

Primary image of 1 S Washington Street, Milford, DE 19963

Additional image 2 of 1 S Washington Street, Milford, DE 19963

Additional image 3 of 1 S Washington Street, Milford, DE 19963

Additional image 4 of 1 S Washington Street, Milford, DE 19963

Additional image 5 of 1 S Washington Street, Milford, DE 19963

Additional image 6 of 1 S Washington Street, Milford, DE 19963

Additional image 7 of 1 S Washington Street, Milford, DE 19963

Additional image 8 of 1 S Washington Street, Milford, DE 19963

Additional image 9 of 1 S Washington Street, Milford, DE 19963

Additional image 10 of 1 S Washington Street, Milford, DE 19963

Additional image 11 of 1 S Washington Street, Milford, DE 19963

Additional image 12 of 1 S Washington Street, Milford, DE 19963

Additional image 13 of 1 S Washington Street, Milford, DE 19963

Additional image 14 of 1 S Washington Street, Milford, DE 19963

Additional image 15 of 1 S Washington Street, Milford, DE 19963

Additional image 16 of 1 S Washington Street, Milford, DE 19963

1/16

Property Details

Description

Prime Investment Opportunity: 1 S. Washington St., Milford Seize the chance to own a high-performing asset in the absolute heart of the City of Milford. This well-maintained apartment building combines the stability of long-term cash flow with the exciting potential for immediate value-add, making it a standout addition to any portfolio. Investment Highlights Unbeatable Location: Situated at the center of the city, this property offers tenants unparalleled walkability and convenience, ensuring historically low vacancy rates and high demand. Significant Capex Savings: The current owners have been proactive with upgrades, including recent window replacements in most units - a major capital expense already largely addressed for the next owner. Operational Efficiency: Managing costs is a breeze with separately metered itilities, shifting utility responsibility to the tenants and protecting your bottom line. Premium Amenities: Unlike many downtown properties, this building features a private parking lot and on-site laundry facilities, two of the most sought-after features for quality long-term tenants. Immediate Upside: Currently positioned just under market rates to attract a premium tenant base, there is a built-in opportunity for the new owner to increase rents and instantly boost the Cap Rate. This is a "turn-key" operation with the heavy lifting already done. Between the recent physical improvements and the strategic pricing structure, 1 S. Washington St. is primed for a seamless transition and long-term appreciation.

PROPERTY DETAILS: Square Feet: 02

INTERIOR FEATURES: • Cooling: Central Air, Electric • Heating: Electric Heating, Heat Pump • Plumbing: Electric Water Heater

EXTERIOR FEATURES: • Parking: 6 Parking Spaces, Parking Lot. • Lot Dimensions: 68.00 x 130.00 • Zoning: TN

LISTING AGENT: Agent: Al Leskovar | Office: Myers Realty | Phone: 3024230276 | Email: [email protected]

LISTING INFORMATION: MLS#: DESU2111998 | Status: FOR SALE

Location

Address

1 S Washington Street

City

Milford

Features and Finishes

Interior Features:

• Cooling: Central Air, Electric

• Heating: Electric Heating, Heat Pump

• Plumbing: Electric Water Heater

Exterior Features:

• Parking: 6 Parking Spaces, Parking Lot.

• Lot Dimensions: 68.00 x 130.00

• Zoning: TN

Legal Notice

Our comprehensive database is populated by our meticulous research and analysis of public data. MirrorRealEstate strives for accuracy and we make every effort to verify the information. However, MirrorRealEstate is not liable for the use or misuse of the site's information. The information displayed on MirrorRealEstate.com is for reference only.