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Listed by Al Leskovar • Myers Realty
$ 1,600,000
Est. payment /mo
New
211 & 213 N WALNUT ST Milford, DE 19963
0.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DEKT2047138
Year Built 2004
Annual Tax Amount $2,454
Tax Year 2025
Lot Size 0.448 Acres
Acres 0.45
Lot Dimensions 0.45 x 0.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The Ultimate Investment Opportunity: The Blair Apartments Portfolio
This isn't just another listing; this is a strategic acquisition designed for immediate performance and long-term wealth preservation. The Blair Apartments represent a rare "turn-key" scenario in the heart of Milford, offering the perfect trifecta of stability, quality, and untapped upside.
### Why This Is the Deal of the Century:
• Rock-Solid Compliance & Quality: Skip the "investor headaches." Both buildings and all 10 units have recently passed full City of Milford inspections. Combined with meticulous maintenance by the current owners and recent remodels across most units, your capital is protected from day one.
• Built-In "Value-Add" Potential: The most lucrative investments have room to grow. With rents currently positioned just below market rates to attract premium, long-term tenants, a new owner has a clear and immediate path to increased NOI and forced appreciation.
• Operational Efficiency: Forget the mess of shared utilities. With separately metered water, your overhead is minimized, and your tenants take ownership of their usage.
• Prime Urban Logistics: Located in the dead center of the City of Milford, these buildings sit on a large private parking lot—a high-value amenity that ensures tenant retention and commands premium interest in a bustling city center.
The Verdict: Properties maintained to this standard with a clean bill of health from the city rarely hit the market with built-in rent upside. Whether you are looking to 1031 exchange or expand your local footprint, the Blair Apartments are a fortress for your capital.
Don't let the "Deal of the Century" pass you by—this portfolio is primed for its next chapter.
This isn't just another listing; this is a strategic acquisition designed for immediate performance and long-term wealth preservation. The Blair Apartments represent a rare "turn-key" scenario in the heart of Milford, offering the perfect trifecta of stability, quality, and untapped upside.
### Why This Is the Deal of the Century:
• Rock-Solid Compliance & Quality: Skip the "investor headaches." Both buildings and all 10 units have recently passed full City of Milford inspections. Combined with meticulous maintenance by the current owners and recent remodels across most units, your capital is protected from day one.
• Built-In "Value-Add" Potential: The most lucrative investments have room to grow. With rents currently positioned just below market rates to attract premium, long-term tenants, a new owner has a clear and immediate path to increased NOI and forced appreciation.
• Operational Efficiency: Forget the mess of shared utilities. With separately metered water, your overhead is minimized, and your tenants take ownership of their usage.
• Prime Urban Logistics: Located in the dead center of the City of Milford, these buildings sit on a large private parking lot—a high-value amenity that ensures tenant retention and commands premium interest in a bustling city center.
The Verdict: Properties maintained to this standard with a clean bill of health from the city rarely hit the market with built-in rent upside. Whether you are looking to 1031 exchange or expand your local footprint, the Blair Apartments are a fortress for your capital.
Don't let the "Deal of the Century" pass you by—this portfolio is primed for its next chapter.
Location
State DE
County Kent
Area Milford (30805)
Zoning R2
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric
Exterior
Garage Spaces 25.0
Water Access N
Accessibility None
Total Parking Spaces 25
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Milford
Others
Tax ID MD-16-18310-03-1100-000
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES