About 45 Whispering Oak Dr
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.
Features of 45 Whispering Oak Dr
MLS® # | DEKT2034600 |
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Price | $760,000 |
Total Number Of Units | 8 |
Square Footage | 4,400 |
Acres | 2.10 |
Year Built | 1961 |
Type | Commercial Sale |
Sub-Type | Five Or More Units |
Status | Active |
Community Information
Address | 45 Whispering Oak Dr |
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Area | Milford (30805) |
City | MILFORD |
County | KENT-DE |
State | DE |
Zip Code | 19963 |
Amenities
Is Waterfront | No |
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Interior
Heating | Baseboard - Electric |
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Cooling | None |
Has Basement | No |
Fireplace | No |
Exterior
Exterior | Concrete/Block, Vinyl Siding, Frame |
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Lot Description | Private, Partly Wooded |
Roof | Shingle |
Foundation | Concrete Perimeter |
School Information
District | MILFORD |
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Additional Information
Date Listed | January 30th, 2025 |
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Days on Market | 263 |
Zoning | AC |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Business Use | Apartment Building |
Property Use | Investment |
Listing Details
Office | Keller Williams Realty |
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Contact Info | (302) 360-0300 |