21 Saulsbury Street, Dewey Beach, DE 19971

$269,000
7
BD
4
BA
2,500
SqFt
List Price
$269,000
Days On Market
148
Status
ACTIVE
MLS#
DESU118050
Bedrooms
7
Bathrooms
4
Full Baths
4
Living Area
2,500
Style
A-Frame
Year Built
1973
County
Sussex
School District
Cape Henlopen

Property Description

ATTENTION HOUSE FLIPPERS- With a new land lease and improvements this home can be flipped for a nice profit. The proof is in the comps!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 averages over 59K the past 3 years!

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
Rehoboth By The Sea
Taxes
$968
Stories
2
School District
Cape Henlopen
Flooring
Carpet, Hardwood
Heating
Central, Baseboard - Electric
Heating Fuel
Electric
Cooling
Central A/C, Wall Unit
Roof
Shingle
Water
Public
Sewer
Public Sewer
Lot Lease Amount
809
Lot Lease Amount Frequency
Annually

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of 360 PROPERTY SOLUTIONS.