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28420 Delaware Av
For Sale $999,999
$999,999
- 0 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
Description
This offering presents the opportunity to acquire a cash-flowing multifamily investment property located at 28420 Delaware Avenue in Millsboro, Delaware. The property consists of approximately 3,000 square feet and generates estimated rental income of $7,250 per month ($87,000 annually). Estimated annual operating expenses are approximately $12,985, resulting in an estimated net operating income of approximately $74,015. Income and expense figures are estimates and should be independently verified by prospective purchasers.
The property represents an estimated 7.4% cap rate based on the reported income and expenses, providing investors with stable in-place cash flow. The asset benefits from its location within the growing Sussex County market, where continued residential development and population growth are supporting strong rental demand.
This is a compelling opportunity for investors seeking a performing multifamily asset with strong income, low expenses, and long-term upside in one of Delaware’s fastest-growing regions.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $999,999 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2015 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 23434.0878.00 |
| MLS # | DESU2112076 |
| Property ID | 322851410 |
| Lot Sqft | Unknown |
| Zoning | GR |
| Days on Market | 57 |
| Original List Price | Unknown |
| Date Updated | May 15, 2026 |
| Date Created | May 14, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Wesley Cox an agent of .
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Data last updated: July 10, 2026.
Robert Crawford
REAL ESTATE AGENT