Description
PLAN TO BUILD UP TO 4 HOMES while keeping your cash flowing and fully renovated, original Rehoboth Beach Cottage with separate in law suite ++-+G+G+G++Casita++-+G+G+G+- on almost HALF AN ACRE. New construction homes around the corner selling for 1.4 million each. Do not miss your chance to own an already cash flowing Investment, east of route one, walking distance to famed Rehoboth Beach and Boardwalk, outside of Rehoboth Beach city Limits. Current code will allow planning for 4 single family homes while you keep the cash flow of the renovated units. No expense was spared on this meticulous renovation. Air BNB is expected to realize $66,000 during the 2022 summer season alone. This renovation speaks for itself and includes a brand new roof, heating and cooling system, brand new well and pump, new high efficiency instant hot water heaters, high end kitchens (yes TWO kitchens) and full baths, large trex deck, outdoor shower, two sandpits, finished separate casita home, all new rough and finish electric, plumbing, flooring, vaulted ceiling with stamped engineer plans, curated high end d+++G+-cor and furniture. Not to mention off street parking for 8 plus! Bordering the Rehoboth Lewes Canal a bike path about 40ft away has already been approved by the city to lead directly onto Rehoboth Ave. A new Development is being build right around the corner with homes ranging from 1-1.4million before finishes. What an amazing opportunity to own a cash flowing, Original Rehoboth Cottage with the ability to develop and the ease of dealing with Sussex county. Buyer is responsible to confirm all permitted land uses with the County. Seller is a licensed Delaware Realtor.
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0BEDS
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0.37ACRES
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0BATHS
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01/2 BATHS
Description
PLAN TO BUILD UP TO 4 HOMES while keeping your cash flowing and fully renovated, original Rehoboth Beach Cottage with separate in law suite ++-+G+G+G++Casita++-+G+G+G+- on almost HALF AN ACRE. New construction homes around the corner selling for 1.4 million each. Do not miss your chance to own an already cash flowing Investment, east of route one, walking distance to famed Rehoboth Beach and Boardwalk, outside of Rehoboth Beach city Limits. Current code will allow planning for 4 single family homes while you keep the cash flow of the renovated units. No expense was spared on this meticulous renovation. Air BNB is expected to realize $66,000 during the 2022 summer season alone. This renovation speaks for itself and includes a brand new roof, heating and cooling system, brand new well and pump, new high efficiency instant hot water heaters, high end kitchens (yes TWO kitchens) and full baths, large trex deck, outdoor shower, two sandpits, finished separate casita home, all new rough and finish electric, plumbing, flooring, vaulted ceiling with stamped engineer plans, curated high end d+++G+-cor and furniture. Not to mention off street parking for 8 plus! Bordering the Rehoboth Lewes Canal a bike path about 40ft away has already been approved by the city to lead directly onto Rehoboth Ave. A new Development is being build right around the corner with homes ranging from 1-1.4million before finishes. What an amazing opportunity to own a cash flowing, Original Rehoboth Cottage with the ability to develop and the ease of dealing with Sussex county. Buyer is responsible to confirm all permitted land uses with the County. Seller is a licensed Delaware Realtor.
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Fritschle Barker Group | Keller Williams Delmarva. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-07T17:59:03.31.