$1,200,000

1 S WASHINGTON ST, Milford, DE 19963

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 days ago

Property 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.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 3:21PM
Listing Office:
Myers Realty : 3026744255
Listing Agent:
Albert C Leskovar Jr. : 3024230276
MLS ID:
DESU2111998
  • A/C: Central A/C
  • Heating: Heat Pump(s)Electric
  • Disability Feature: None
  • General: Stick Built
  • Originating MLS: BRIGHT_MAIN
  • School District: MILFORD
  • County: SUSSEX-DE
  • Zoning: TN330-06.20-7.00
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Albert C Leskovar Jr. , Myers Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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