Seaford, DE 19973,1201 MIDDLEFORD RD
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Seaford, DE 19973,1201 MIDDLEFORD RD
Seaford, DE 19973,1201 MIDDLEFORD RD
Seaford, DE 19973,1201 MIDDLEFORD RD
Seaford, DE 19973,1201 MIDDLEFORD RD
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$ 875,000
Est. payment /mo
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1201 MIDDLEFORD RD Seaford, DE 19973


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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $218

Subdivision Island Development

MLS Listing ID DESU2080504

Originating Board BRIGHT

Year Built 1950

Lot Size 1.300 Acres

Acres 1.3

Lot Dimensions 0.00 x 0.00

Property Sub-Type Mixed Use

Property Description

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!

Location

State DE

County Sussex

Area Seaford Hundred (31013)

Zoning C-1

Interior

Hot Water Electric

Heating Other

Cooling Window Unit(s)

Heat Source Other

Exterior

Garage Spaces 20.0

Water Access N

Accessibility 2+ Access Exits, Level Entry - Main

Total Parking Spaces 20

Garage N

Building

Sewer On Site Septic, Public Hook/Up Avail

Water Public Hook-up Available, Private

New Construction N

Schools

School District Seaford

Others

Tax ID 331-07.00-60.00

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Lease Purchase

Listing Terms Cash, Conventional, Lease Purchase

Financing Cash,Conventional,Lease Purchase

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by JOSE ANTONIO SANTOS • Century 21 Home Team Realty

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1201 MIDDLEFORD RD