|
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 $12,000/month in gross rental income ($144,000/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): $2,200/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): $134,000/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: ✔ Seller is offering a $75,000 credit for reinvestment, closing costs or prepaid expenses if purchased before planned pole buildings are added"”creating even more rental income! ✔ 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!
DAYS ON MARKET | 1 | LAST UPDATED | 3/15/2025 |
---|---|---|---|
TRACT | ISLAND DEVELOPMENT | YEAR BUILT | 1950 |
COMMUNITY | Seaford Hundred (31013) | COUNTY | SUSSEX |
STATUS | Active | PROPERTY TYPE(S) | Commercial |
School District | SEAFORD |
---|
ADDITIONAL DETAILS | |
AIR | Electric, Window Unit(s) |
---|---|
AIR CONDITIONING | Yes |
APPLIANCES | Electric Water Heater |
AREA | Seaford Hundred (31013) |
HEAT | Other |
LOT | 1.3 acre(s) |
LOT DIMENSIONS | 0.00 x 0.00 |
PARKING | Parking Lot, Other, Driveway |
SEWER | Septic Tank |
SUBDIVISION | ISLAND DEVELOPMENT |
WATER | Private |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
SATELLITE VIEW |
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Century 21 Home Team Realty
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.