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MLS® ID: DESU141674

21 SAULSBURY STREET

DEWEY BEACH, Delaware, 19971

$269,000 Active
  • 7 Beds
  • 4 Baths
  • 2500 SQFT
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 with a strong rental history make this LAND LEASE property a special deal. There are 5 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 starting at $25,440 annually. Vacation rental income averages over 59K the past 3 years!
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Listing courtesy of 360 PROPERTY SOLUTIONS

Amenities

  • Zip
    19971
  • Office name
    360 PROPERTY SOLUTIONS
  • Subdivision
    REHOBOTH BY THE SEA
  • SQFT
    2500
  • Bedrooms
    7
  • Property type
    Residential
  • Zoning type
    RESIDENTAL
  • School district
    CAPE HENLOPEN
  • Year built
    1973
  • Lot size
    0.11
  • Sewer
    Public Sewer
  • Heating
    Baseboard - Electric
  • Agent name
    JASON WILSON
  • Purchase Type
    Active
  • Full baths
    4
  • Half baths
    0

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