1. Delaware
  2. Milford
  3. 45 WHISPERING OAK DR
$760,000

45 WHISPERING OAK DR, Milford, DE 19963

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1961
  • Property Lot Size Icon2.1acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 months ago

Property 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 Delaware’s fastest-growing regions just outside Milford city limits with quick access to Rt. 1, the beaches, and Dover.

Listing Status:
Active
Date Added:
January 30, 2025 at 06:00AM
Listing Office:
Keller Williams Realty : 3023600300
Listing Agent:
Kathleen Constance Lewis : 3029227572
MLS ID:
DEKT2034600
  • Flooring: VinylCarpetLuxury vinyl plank
  • A/C: None
  • Heating: Baseboard - ElectricElectric
  • Disability Feature: No Stairs
  • Roofing: Shingle
  • General: ConcreteVinyl SidingFrameConcrete Perimeter
  • Originating MLS: BRIGHT_MAIN
  • School District: MILFORD
  • County: KENT-DE
  • Zoning: ACMD-00-16400-01-1100-000
  • Water: CommunityWell-Shared
  • Sewer: Gravity Sept Fld
  • Source: BRIGHT_MAIN

This listing courtesy of Kathleen Constance Lewis, Keller Williams Realty

Monthly Payment

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

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Location

Schools Nearby

B

Banneker (Benjamin) Elementary School

449 North St, Milford, DE, 19963

Grades 1-5

3.98 miles away

M

Milford Central Academy

1021 N Walnut St, Milford, DE, 19963

Grades 6-8

3.27 miles away

M

Milford Senior High School

1019 N Walnut St, Milford, DE, 19963

Grades 9-12

3.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.