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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 $11,800/month in gross rental income ($141,600/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): $2,000/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): $131,600/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: ✔ 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 | 35 | LAST UPDATED | 4/4/2025 |
|---|---|---|---|
| TRACT | ISLAND DEVELOPMENT | YEAR BUILT | 1950 |
| COMMUNITY | Seaford Hundred (31013) | COUNTY | SUSSEX |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | SEAFORD |
|---|
| PRICE HISTORY | |
| Prior to Apr 4, '25 | $875,000 |
|---|---|
| Apr 4, '25 - Today | $825,000 |
| 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
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Listing provided by Century 21 Home Team Realty
Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2025 Sussex County Association of REALTORS®, Inc.
This IDX solution is (c) Diverse Solutions 2025.
