Views
Address
127 N Front Street, Milford, DE
Price
$ 1,075,000
Property Attributes
- MLS#DEKT2014232
- TypeCommercial
- CountyKENT
- CityMilford
- AreaMilford
- Zip19963
- StyleApartment Building,/General Retail
- Year Built1811
- Taxes$ 2098
- Price$ 1,075,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8000
- Lot Size12,632 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 3/3/2024 | Listed $1,075,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Possession | Negotiable |
| Zoning | C2 |
| Security Features | Sprinkler System - Indoor |
| Construction Materials | Block,Brick,Brick Veneer,Stick Built |
| Year Built | 1811 |
| View | Street |
| Property SubType | Five Or More Units |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 89622.50 |
| OwnerPays | Insurance,Repairs,Taxes - Real Estate,Other |
| Business Type | Apartment Building,Other/General Retail |
| Accessibility | Other |
| County | KENT |
| Net Operating Income | 82617.00 |
| Operating Expense | 11583.00 |
| Insurance Expense | 2900.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Apartment Building,Retail,Other |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | From Rt. 1 south turn right onto Silicato Pkwy. Then turn right onto DE-14 W/Rd 22/NE Front St. Follow for 1.2 Miles,building will be on your right. From rt. 113 north,turn right onto DE-14 W/Rd 22/N |
| ModificationTimestamp | 2024-03-04T10:14:25 |
| City | MILFORD |
| Buyer Agent Compensation | 2 |
| Total Units | 8 |
| MLS Area | Milford (30805) |
| Lot Size Square Feet | 12425.00 |
| Tax Assessed Value | 95600.0 |
| Waterfront Y/N | No |
| Street Name | FRONT |
| Tax Annual Amount | 2098.0 |
| Price Per Sq Ft | 123.35 |
| Historic Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 173 |
| Location Type | Downtown |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 7600-000 |
| Total Actual Rent | 94200.00 |
| Cap Rate | 7.25 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Entry Level | 1 |
Exterior Features
| Parking Features | Paved Parking |
|---|---|
| Lot Features | Corner |
| Water Source | Public |
| Total Parking Spaces | 15 |
| Type of Parking | Parking Lot |
| Foundation Details | Block |
| Water View Y/N | No |
| Building Area Total | 8715.00 |
| Lot Dimensions | 71.00 x 175.00 |
| Lot Size Acres | 0.29 |
| Road Surface Type | Black Top |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 26100.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | Yes |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 15 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19963
Price
Taxes
Visits
Year Built
© BRIGHT, All Rights Reserved
