MLS® ID: DESU141674
21 SAULSBURY STREET
DEWEY BEACH, Delaware, 19971 $269,000
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!