Log In/Sign Up
Your email has been sent.
517 Truitt Ave - 517 Truitt Ave 2 Unit Apartment Building Offered at $480,000 at a 7.88% Cap Rate Milford, DE 19963
Executive Summary
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.
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $480,000 | Apartment Style | Townhome |
| Price Per Unit | $240,000 | Building Size | 2,112 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.88% | Year Built | 1997 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Property Type |
| Price | $480,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 7.88% |
| No. Units | 2 |
| Property Type | |
| Apartment Style | Townhome |
| Building Size | 2,112 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,750 | 1,056 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5-16-18306-01-1600-000 | Improvements Assessment | $266,200 (2025) |
| Land Assessment | $57,500 (2025) | Total Assessment | $323,700 (2025) |
Property Taxes
Parcel Number
5-16-18306-01-1600-000
Land Assessment
$57,500 (2025)
Improvements Assessment
$266,200 (2025)
Total Assessment
$323,700 (2025)
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
George Mason Univ, Costello College of Business
517 Truitt Ave - 517 Truitt Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.