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127 N Front Street

MILFORD, DE 19963
  • $1,075,000
  • STATUS: Active
  • ON SITE: 581 Days
  • ID#: DEKT2014232
$1,075,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1811
County:

School Ratings & Info

School District:

Description

A great opportunity to own a historic commercial investment property in downtown Milford. The Governor Tharp building underwent a full renovation completed in 2007. This three story building currently host seven apartments and one commercial retail space all of which are currently occupied with long term tenants. In the rear of the building you will find a freshly paved asphalt parking lot with 15 spaces. This income producing property would be a nice addition to investors looking to expand their portfolio.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-24T23:56:11.343.
www.allisonstineteam.com/homes/133279364
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127 N Front Street MILFORD, DE 19963

  • Price: $1,075,000
  • Status: Active
  • On Site: 581 Days
  • ID#: DEKT2014232
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1811
Built
Neighborhood:
Milford (30805)
County:
Kent
Area:
Milford (30805)
School District:
Milford
Property Description
A great opportunity to own a historic commercial investment property in downtown Milford. The Governor Tharp building underwent a full renovation completed in 2007. This three story building currently host seven apartments and one commercial retail space all of which are currently occupied with long term tenants. In the rear of the building you will find a freshly paved asphalt parking lot with 15 spaces. This income producing property would be a nice addition to investors looking to expand their portfolio.
Exterior Features

Construction Materials BlockBrickBrick VeneerStick Built Garage YN No Location Type Downtown Lot Features Corner Parking Features Paved Parking Parking Types Parking Lot Road Surface Type Black Top View Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 8715.00 Cooling Central A/C Heating Heat Pump(s) Heating YN Yes Net Square Feet 8000.00 Security Features Sprinkler System - Indoor

Property Features

Accessibility Features Other Central Air YN Yes Cooling Fuel Electric Entry Level 1 Foundation Details Block Gross Income 89622.50 Heating Fuel Electric Historic YN Yes Hot Water Electric Insurance Expense 2900.00 Navigable Water YN N Net Operating Income 82617.00 New Construction YN No Number Of Units Total 8 Operating Expense 11583.00 Original MLSNumber 801892632900 Owner Pays InsuranceRepairsTaxes - Real EstateOther Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 2098.00 Tax Lot 7600-000 Total Actual Rent 94200.00 Vacation Rental YN No Water Source Public Year Built Effective 2007 Zoning C2

Listing courtesy of The Parker Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-24T23:56:11.343.
 
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The Allison Stine Team with Northrop Realty a Long and Foster Company
209 5th Street
Bethany Beach DE, 19930