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37519 Oyster House RdRehoboth Beach, DE 19971Price: $1,169,000

  • Price: $1,169,000
  • 20 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* 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.
  • $1,169,000List Price
  • 0.37Acreage
  • 1960Year Built

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PLAN TO BUILD UP TO 4 HOMES while keeping your cash flowing and fully renovated, original Rehoboth Beach Cottage with separate in law suite 'ÂÂCasita'ÂÂ 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'Âcor 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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Listed by Michael Jeremy Finkle of EXP Realty,LLC

Copyright 2022 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 August 13, 2022. 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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