602 MULBERRY STREET
About This Property
Brimming with opportunity, this property offers incredible upside for buyers with vision. With a little cosmetic personalization, this home can truly shine-making it an excellent option to build equity, create your dream space, or add to an investment portfolio. The solid layout and desirable intown location provide a strong foundation for future value and long-term potential.
Conveniently located within walking distance to downtown Milton restaurants and shops, and just 15 minutes from Broadkill Beach, this home offers the perfect blend of small-town charm and coastal convenience.
Don't miss this value-packed opportunity to own at an accessible price point in a desirable location.
Seller has completed the Property Disclosure to the best of their knowledge; however, the exact timing of prior renovations and updates is unknown. Buyers should conduct their own due diligence and verify all information to their satisfaction.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 2, 2026 | Listed by Jack Lingo - Rehoboth | $280,000 | |
| Listed by Jack Lingo - Rehoboth | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017