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25 Read Ave #1, Unit 1Dewey Beach, DE 19971Price: $997,500

  • Price: $997,500
  • Est. Mortgage of $/month
  • 64 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 2.8% last updated on Jul 29, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $997,500List Price
  • 4Bedrooms
  • 4Bathrooms

Listing Tools

Introducing 25 Read Ave #1 Seabreeze Village! This 4bedroom 3.5 bath ocean block townhouse is an end unit (oceanside) with additional windows creating a brilliant sunshine splashed living area. Ocean views from the master bedroom and 2nd & 3rd floor balconies. This ocean block townhome offers 2 master suites (entry level & 3rd floor), all new replacement windows, three new glass sliders (2 years old) and a newer hvac system (5 years old). The kitchen was remodeled in 2016 that includes new cabinets, appliances, corian counters and ceramic tile floors, recessed and new lighting fixtures. The 2nd floor (main living area) offers an open floorplan that includes the kitchen, open dining and family room which creates an atmosphere that's excellent for family gatherings, BBQ's... The rare community inground pool offers yet another excellent gathering area! The front staircase of the building has just been replaced with upgraded synthetic decking and vinyl rails and all assessments have been paid by the seller. Enjoy the outdoors off of one of the three balconies or the front screened porch. Summer rentals are in place. The rental income for 2021 to date is $40,945. This unit is fully furnished, turn key with rental incomes conveying to the purchaser from the settlement date forward. The present owner hasn't raised their rents for several years. This unit could easily generate $50K+ with some off season rentals. This is an excellent opportunity to own in the ocean block in Dewey!

Property Details of 25 Read Ave #1, Unit 1

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Listed by JOSEPH CHOMA of BERKSHIRE HATHAWAY HOMESERVICES GALLO-R

Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Real McCoy Team | Coldwell Banker Residential Brokerage participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 30, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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