37519 Oyster House Rd, Rehoboth Beach, DE 19971
$1,169,000

MLS#
Desu2026118
Price
$1,169,000
Standard Status
Active
Waterfront
N

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.

Exterior Features


Construction Materials
Other
Foundation Details
Crawl Space

Interior Features


Heating
Forced Air
Heating Fuel
Electric
Cooling
Central A/c
Hot Water
Instant Hot Water

Additional Details


Acres
0.37
Year Built
1960
New Construction
N
Property Type
Commercial Sale
County
Sussex
Lot Size Dimensions
0.00 X 0.00
Sussex DE Quadrants
East Of Rt 1