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1201 Middleford Road, Seaford, DE 19973
sale
$825,000
|
Commercial-Other
Listed By CENTURY 21 Home Team Realty
High-Yield Investment Property outside of city limits but adjacent to water, public water, and sewer- Fully Leased with Immediate Cash Flow! This prime mixed-use property is a turnkey investment generating $11,800/month in gross rental income ($141,600/year) across multiple income-producing assets: Breakdown of Rental Income: Commercial Spaces: Unit 1 (Tire Shop): $1,500/mo Unit 2 (Barber Shop): $1,500/mo Unit 3 (Barber Shop): $2,000/mo Unit 4 (Grocery Store): $1,800/mo Residential Units - 7 Mobile Homes: Trailer 1: $1,400/mo Trailer 2: $1,000/mo Trailer 3: $650/mo Trailer 4: Not paying rent Trailer 5: (Lot Rent Only): $550/mo Trailer 6: $600/mo Trailer 7: $800/mo Stable Tenants + Expansion Potential = Strong ROI Net Operating Income (NOI): $131,600/year (after estimated $10,000 annual expenses. Estimated Cap Rate: 15%+ (based on list price - excellent return in today's market!) Low Overhead: Minimal owner expenses with separate electric meters and long-term tenants. Value-Add Opportunity: ? Trailer 7 is not generating income, but it will be an instant income boost once it does! Why This Property? It is fully leased with a strong rental history Diversified income streams (commercial + residential) Minimal owner responsibilities Planned improvements for increased revenue High cash-on-cash return potential Perfect for investors seeking a high-yield, low-maintenance portfolio addition! Schedule a showing today!
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Property Features
- Cooling: Window A/C
- Cross Docks: N
- Development ID: Island Development
- For Auction: N
- Heating - Fuel Type: Other
- Lot Size In Text: 1.3 Acres
- MLSID: DESU2080504
- Parking Places: 20
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Year Built: 1950
Directions to This Property
1201 Middleford Road, Seaford, DE 19973
Demographic Data for 1201 Middleford Road, Seaford, DE 19973
Average Age
42
Married
51%
Number of Homes
9,952
Homes with Children
31.09%
Occupation Type
Transportation to Work
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