Drastic Reduction! Least expensive single-family home in the ocean block of downtown Rehoboth. The property is situated on a 43 x 75 lot and has 2 rental licenses. The main house has been a great rental property with $52k rentals for 2018. The home is being offered fully furnished, has hardwood floors, a renovated kitchen with granite counters, wood burning fireplace, wrap around sun porch and handsome original doors and baseboards. The garage efficiency apartment needs a complete renovation and has the potential for $8000 seasonal rental income. This is a great in-town location on the ocean block corner of Virginia Avenue and 1st Street, adjacent to Lake Gerar. Recent updates include a new roof for the main house and garage apartment, as well as a conditioned encapsulated crawl space with wireless remote temperature/humidity sensor. Being sold ~as is.~ Buyer may do inspections for informational purposes only.
Listing courtesy of RE/MAX REALTY GROUP REHOBOTH.