DO NOT MISS THIS OPPORTUNITY TO PURCHASE ON THE OCEAN BLOCK IN DEWEY BEACH. Two homes on one property, a strong rental history, and major tax savings make this LAND LEASE property a special deal. There are 6 years left on the current land lease (Only $805 a year!) with an opportunity to purchase the land or start a new 60 year lease for $24,584 annually. Vacation rental income averaging over 59K the past 3 years! Financing is available for buyers looking to purchase the home with a new land lease or purchase the land along with the home. New land lease requires an acquisition fee of of $46,703.
Listing courtesy of 360 PROPERTY SOLUTIONS.