21 Saulsbury Street, Dewey Beach, DE 19971

$269,000
7
BD
4
BA
2,500
SqFt
List Price
$269,000
Days On Market
18
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

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.

Additional Information

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

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of 360 PROPERTY SOLUTIONS.