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    36525 Palm Drive , #5303

    REHOBOTH BEACH, DE 19971
    • $325,000
    • STATUS: Active Under Contract
    • ON SITE: 41 days
    • ID#: DESU179546
    Under Contract
    UPDATED: 66 min ago
    $325,000
    • 2
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Condo
    Built:
    2003
    County:

    School Ratings & Info

    School District:

    Description

    What if you could own a beach house in just 30 days or less? And what if it was fully-furnished and updated? As if it couldn't get any better, what if I told you the rental income covers the current owners' entire yearly mortgage?! *Yes, this turnkey property is ready to make money for you on Day 1. We already have reservations booked for most of the summer, with some open slots for you to enjoy too. *So that means this income-producing investment is ready to go as soon as you sign the papers. *When guests book this condo, they stay for varying lengths of time: A few days, a week, etc. But regardless of their length of stay, the total income is enough to pay for the current owner's total property expenses. *Even when it's cold outside, this property produces income at the rate of roughly $1,500/month on average from October through April. If you think that's good, just wait until you see the revenue during the summer months! *The attached document shows the breakdown of gross income and operating expenses, so you can see the proof. Ask your agent to download it and send it to you. The document shows names of guests who rented this condo, so please keep that information confidential. That data was provided to prove that we aren't making up the numbers. So please use discretion when reviewing the document. *Why do people keep booking this condo? Because they love it! Nothing-less-than 5 Star reviews on Vrbo and Airbnb! Just look at all the recent updates or features: Pergo waterproof laminate flooring throughout the living area, tile flooring in the kitchen and bathrooms, quartz kitchen countertops, an undermount kitchen sink, stainless steel appliances, stylish lighting fixtures throughout the condo, modern fans in the living room and bedrooms (as well as a fan in the screened-in balcony), new vanities and toilets in both bathrooms and a new HVAC system (2020). *So, what+GGs the catch? There is no catch! *The owners can continue to profit from their investment. But for the magic number listed in front of you, they'll sell it. After all, a savvy investor like you already knows: Everything's for sale at the right price, especially when interest rates are this low. *And if we can't get that price, we'll simply take it off the market and the owners will enjoy other people paying their expenses. *So now's your chance to easily add wealth to your portfolio. Schedule your tour today! [Note 1]: Seller has ordered a new washer and a new dryer to replace the existing combination/stacked unit you see in the photo. Photos of the new units are provided. They'll be delivered and installed on May 1, 2021. [Note 2]: The interior photos were provided by the Seller and were taken at different times. The condo is also rented out, and subsequently cleaned, regularly. So taking all of this into consideration, the general d+-cor may be slightly different than what you see in the photos since things may have been moved around by renters or the housecleaner, for example. [Note 3]: Any and all listing information and data are assumed to be accurate, but Buyer is responsible for verifying any and all listing information and data.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. 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. Data last updated: 2021-05-05T16:54:05.747.
    www.bowersgroup.net/homes/115409113
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    36525 Palm Drive , #5303 REHOBOTH BEACH, DE 19971

    • Price: $325,000
    • Status: Active Under Contract
    • Updated: 66 min ago
    • ID#: DESU179546
    2
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    2003
    Built
    Neighborhood:
    Palms Of Rehoboth
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    School District:
    Cape Henlopen
    Property Description
    What if you could own a beach house in just 30 days or less? And what if it was fully-furnished and updated? As if it couldn't get any better, what if I told you the rental income covers the current owners' entire yearly mortgage?! *Yes, this turnkey property is ready to make money for you on Day 1. We already have reservations booked for most of the summer, with some open slots for you to enjoy too. *So that means this income-producing investment is ready to go as soon as you sign the papers. *When guests book this condo, they stay for varying lengths of time: A few days, a week, etc. But regardless of their length of stay, the total income is enough to pay for the current owner's total property expenses. *Even when it's cold outside, this property produces income at the rate of roughly $1,500/month on average from October through April. If you think that's good, just wait until you see the revenue during the summer months! *The attached document shows the breakdown of gross income and operating expenses, so you can see the proof. Ask your agent to download it and send it to you. The document shows names of guests who rented this condo, so please keep that information confidential. That data was provided to prove that we aren't making up the numbers. So please use discretion when reviewing the document. *Why do people keep booking this condo? Because they love it! Nothing-less-than 5 Star reviews on Vrbo and Airbnb! Just look at all the recent updates or features: Pergo waterproof laminate flooring throughout the living area, tile flooring in the kitchen and bathrooms, quartz kitchen countertops, an undermount kitchen sink, stainless steel appliances, stylish lighting fixtures throughout the condo, modern fans in the living room and bedrooms (as well as a fan in the screened-in balcony), new vanities and toilets in both bathrooms and a new HVAC system (2020). *So, what+GGs the catch? There is no catch! *The owners can continue to profit from their investment. But for the magic number listed in front of you, they'll sell it. After all, a savvy investor like you already knows: Everything's for sale at the right price, especially when interest rates are this low. *And if we can't get that price, we'll simply take it off the market and the owners will enjoy other people paying their expenses. *So now's your chance to easily add wealth to your portfolio. Schedule your tour today! [Note 1]: Seller has ordered a new washer and a new dryer to replace the existing combination/stacked unit you see in the photo. Photos of the new units are provided. They'll be delivered and installed on May 1, 2021. [Note 2]: The interior photos were provided by the Seller and were taken at different times. The condo is also rented out, and subsequently cleaned, regularly. So taking all of this into consideration, the general d+-cor may be slightly different than what you see in the photos since things may have been moved around by renters or the housecleaner, for example. [Note 3]: Any and all listing information and data are assumed to be accurate, but Buyer is responsible for verifying any and all listing information and data.
    Exterior Features

    Architectural Style Unit/Flat Construction Materials Vinyl Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Pool Yes - Community Property Condition ExcellentVery GoodGood Riparian Rights YN No Unit Building Type Garden 1 - 4 Floors Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 0 Appliances Built-In MicrowaveDishwasherDisposalDryerExhaust FanFreezerIcemakerMicrowaveOven/Range - ElectricRefrigeratorStainless Steel AppliancesWasherWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions N/A Fireplace YN Yes Fireplaces Total 1 Furnished Yes Heating Forced AirHeat Pump(S) Heating YN Yes Inclusions All AppliancesFurnitureDecorationsBeddingTvsWindow TreatmentsCeiling FansEtc. Everything in The Unit Conveys. Interior Features Ceiling Fan(S) Laundry Type Washer In UnitDryer In Unit Levels 1 Main Level Bedrooms 2 Security Features Carbon Monoxide Detector(S)

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association Amenities Pool - Outdoor Association Fee Includes Common Area MaintenancePool(S)Snow RemovalExt Bldg MaintTrashReserve FundsRoad Maintenance Association Fee2 800.00 Association Fee2 Frequency Quarterly Association YN No Central Air YN Yes Condo YN Yes Cooling Fuel Electric Entry Level 3 Federal Flood Zone YN No Heating Fuel Electric Hot Water Electric Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304522816097 Ownership Interest Condominium Possession SettlementImmediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 617.00 Transportation Bus Stop Less Than 1 Mile Vacation Rental YN Yes Water Source Public Zoning C-1

    Listing courtesy of Keller Williams Realty Wilmington.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bowers Realty Group | Coldwell Banker. 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. Data last updated: 2021-05-05T16:54:05.747.
     
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    Bowers Realty Group | Coldwell Banker
    33012 Coastal Highway
    Bethany Beach DE, 19930