102 West Street, Dewey Beach, DE 19971

$599,900
6
BD
3
BA
1,900
SqFt
List Price
$599,900
Price Change
▼ $25,000 1543898662
Days On Market
50
Status
ACTIVE
MLS#
1009994922
Bedrooms
6
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
1,900
Lot Size (Acres)
0.11
Style
Coastal
Year Built
1968
County
Sussex
School District
Cape Henlopen

Property Description

Quality Dewey investment! This 6 bed/2.5 ba had recent rental histories of $67K. Ideally located only 2000' from the ocean and boasts an easy walk into Rehoboth & Dewey. This home comes completely furnished and turn key ready. Recently new appliances, granite kitchen, gas fireplace, hardwood & tile throughout, new roof 2017, bright beachy colors throughout. Wide open floor plan, excellent for entertaining. The open family room off of the kitchen flows nicely onto the screened front porch. A huge, huge great room is a super area to gather during a weekend BBQ! Let's not forget the sprawling rooftop deck that includes 3 separate deck areas perfect for a nice sun bathing, happy hour! Looking for a little quiet time? Gather outside around the quaint landscaped gardens complete with fountain pond. Ample parking for 6. Fifty seven years remain on this recently renegotiated lease @ $19K per year. Typically the value for a home like this fee simple (you own the land) would be $1.2M to $1.4M. Realize the rental income as if it was a fee simple property yet the purchase price would be under half of the price. Call your Realtor for a private showing and to run the numbers for you! Better hurry, early bird gets the worm:)

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
Rehoboth By The Sea
Taxes
$439
School District
Cape Henlopen
Fireplaces
1
Fireplace Description
Gas/Propane
Heating
Electric
Heating Fuel
Electric
Cooling
None
Water
Public
Sewer
Public Septic

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICES GALLO-R.