Located in the OCEAN BLOCK of prestigious South Rehoboth on a rare oversized 7,075 sq. ft. (50 ft x141.50 ft) lot just steps from the Rehoboth Beach boardwalk and Atlantic surf, this home was once an actual whaling cottage located directly on the beach. It was later pulled up with logs and mules to the current location - just five lots from the beach. These circa 1920's/1950's dwellings have been continually maintained with upgrades with today's lifestyle in mind; however, the quintessential charm remains. The property provides coveted off-street rear parking (4 spaces), bike rack, grilling area, outdoor shower and a shared remodeled laundry room. The TWO STRUCTURES provide 4 SEPARATE UNITS, licensed for rental, that have been utilized for weekly rental income. 2017 generated $130,000 in rental income! Buy now and benefit from the proceeds booked for the 2018 season. Use as an investment property or convert the property for your own home at the beach - either way, it won’t last long!
Listing courtesy of LONG AND FOSTER-REHOBOTH.