1201 MIDDLEFORD RD Pending Save Request In-Person Tour Request Virtual Tour
Seaford,DE 19973
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Subdivision Island Development
MLS Listing ID DESU2080504
Year Built 1950
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
High-yield mixed-use investment property adjacent to Seaford city limits. Public water & sewer are available if annexed into the City of Seaford. Four fully leased commercial units and six occupied mobile homes generate $12,950/mo ($155,400/yr), with six additional vacant trailer pad sites for expansion. Strong tenant history, minimal owner expenses, and separate electric meters make this a turnkey property with a 17%+ cap rate. A rare opportunity for investors seeking immediate cash flow with significant value-add potential!
Location
State DE
County Sussex
Area Seaford Hundred (31013)
Zoning C-1
Interior
Hot Water Electric
Heating Other
Cooling Window Unit(s)
Heat Source Other
Exterior
Garage Spaces 20.0
Water Access N
Accessibility 2+ Access Exits,Level Entry - Main
Total Parking Spaces 20
Garage N
Building
Sewer On Site Septic,Public Hook/Up Avail
Water Public Hook-up Available,Private
New Construction N
Schools
School District Seaford
Others
Tax ID 331-07.00-60.00
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Lease Purchase
Listing Terms Cash,Conventional,Lease Purchase
Financing Cash,Conventional,Lease Purchase
Special Listing Condition Standard