Quality Dewey investment! This 6 bed/2.5 ba had recent rental history in 2018 of $53,705. The owners blocked out three prime summer weeks and blocked out all of September and October for their personal use. Ideally located only 14 lots (1200') 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:)
Listing courtesy of BERKSHIRE HATHAWAY HOMESERVICES GALLO-R.