BUILD 3 ADDITIONAL TOWN HOMES to add onto your cash flowing and fully renovated, original Rehoboth Beach cottage with separate in law suite “casita.” Preliminary plans available! Current Sussex County code allows for 4 Single Family Dwellings on this almost half an acre lot. Do not miss your chance to own an already cash flowing Investment, east of route one, inside of Rehoboth, walking distance to famed Rehoboth Beach and Boardwalk, outside of Rehoboth Beach city Limits. Current zoning is C-1 with jurisdiction under Sussex county. Current code will allow for you to keep your cash flowing fully remodeled cottage, while building 3 more townhomes on the back portion of the property. No expense was spared on this meticulous renovation completed by an experienced investor of historic homes. Air BNB is already set up and estimated to realize $66,000 during the summer season alone. The Air Bnb account will be turned over to the new buyer with Superhost status and a 4.9/5 rating! 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 decor and furniture. Not to mention off street parking for 8 plus! Bordering the Rehoboth Lewes Canal, ask about the secret fishing spot just steps from the home! 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 1-1.5million. What an amazing opportunity to own a cash flowing, Original Rehoboth Cottage with the ability to build three more single family dwellings and the ease of dealing with Sussex county. Schedule to see this amazing investment before it’s gone! Seller financing is an option for a portion of a sale. Seller is a licensed Delaware real estate agent.
Courtesy of: EXP Realty, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided 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. Updated: 6th December, 2021 11:49 AM