37519 Oyster House Rd

Rehoboth Beach, DE 19971

$1,169,000.00

price

3

beds

2/

baths

0.37 acres

lot size

PLAN TO BUILD UP TO 4 HOMES while keeping your cash flowing and fully renovated, original Rehoboth Beach Cottage with separate in law suite “Casita” 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 décor 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.

General Details

StatusActive
List Price$1,169,000.00
Address37519 Oyster House Rd
Rehoboth Beach DE 19971
MLS NumberDESU2008018
Beds3
Baths2/
Lot Size (Acres)0.37
Lot Size (Sq. Ft.)16117.00
Levels/Stores1
GarageNo
Structure TypeDetached
New ConstructionNo
Year Built1960
StyleCoastal
Tax ID334-19.08-24.00
Ownership InterestFee Simple
AgentMichael Jeremy Finkle
BrokerageExp Realty, Llc

Location

Latitude38.71075821
Longitude-75.09402466
In City LimitsNo
MLS AreaLewes Rehoboth Hundred (31009)
Legal SubdivisionCanal Landing
School DistrictCAPE HENLOPEN

Water Access

WaterfrontNo

Associaton/HOA

HOANo
Senior CommunityNo

Utilites Information

Water SourceWell
Sewer/SepticPublic Sewer
Central AirYes
Cooling TypeCentral A/C
Cooling FuelElectric
Heating FuelElectric
Hot WaterInstant Hot Water,Electric

Request More Information

Hidden
Name(Required)
Offered by

Exp Realty, Llc

Courtesy of: Exp Realty, Llc

Listing information Copyright 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 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. 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. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
Date last updated: 08/15/2022 04:52:14 PM