517 Truitt Ave - Multi-Family FOR SALE


Milford, DE 19963
$480,000 USD
224-280-5430
517 Truitt Ave, Milford, DE for Sale
$480,000 USD
Multi-Family - FOR SALE
1/4
null | 7.88% Cap Rate

517 Truitt Ave
Milford, DE 19963


OVERVIEW

For Sale! 1997 duplex located within the City of Milford, just blocks from downtown. Each townhome side has 3 bedrooms and 2 full baths, and is currently rented out. Tenants are responsible for all utilities and lawn maintenance. Unit A: $1,750 per month with the lease until the end of October 2026. Tenant has stated they want to stay. Unit was renovated last year with upgraded LVP throughout, new kitchen countertop, updated bathrooms and lighting throughout. Unit B: $1,650 per month with a new lease just signed August 1st, 2026. The unit is being rented less than Unit A due to limited renovations taking place to capture the new tenant. Photos are old.

FOR SALE DETAILS

PRICE

$480,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

2

PRICE/UNIT

$240,000

CAP RATE

7.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

517 Truitt Ave

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5-16-18306-01-1600-000

ASK ABOUT THIS PROPERTY

Tyler KasakGeorge Mason Univ, Costello College of BusinessMore Info
224-280-5430

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Tyler KasakGeorge Mason Univ, Costello College of BusinessMore Info
224-280-5430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.