DO NOT MISS THIS OPPORTUNITY TO PURCHASE ON THE OCEAN BLOCK IN DEWEY BEACH. Two homes on one property, a strong rental history, and major tax savings make this LAND LEASE property a special deal. There are 6 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 for $24,584 annually. Vacation rental income has been approximately 60K over past years! Financing is available for buyers looking to purchase the home with a new land lease or purchase the land along with the home. New land lease requires an acquisition fee of of $46,703.
The information being provided by the Coastal Association of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The data is deemed reliable but is not guaranteed accurate by the MLS.Listing information courtesy of Jason Wilson of 360 PROPERTY SOLUTIONS.
Listing information last updated on December 12th, 2018 at 5:04pm CST.