You can't buy a condo of any size or location for this price. Buy a beach condo and get an office at the beach OR Buy an office at the beach and get a condo. Live / Work opportunity one-half mile from downtown Rehoboth with superior Coastal Highway access and parking. Own for less than rent with 90% Owner financing available, 5.5% Interest, 20 Year Amortization, 10 Year Balloon Payment. An additional 400 sq ft attic above (ready to finish). Tenant's lease valid through August 2018 at $850 per month ($10,200 Annually). All walls are double 2x6 with 2" fire retardant between. Buy as an investment and become a positive cash flow landlord, or buy as a future user of this attractive, well located, full functioning space. To keep condo fees at a minimum, each owner is responsible for their proportionate share (by sq ft) of total annual budget. In a typical year, a 600 sq ft unit: $500; an 880 sq ft unit: $750; a 2000 sq ft unit: $1700.
Electric On Site, Telephone, 208/220 Volt Service, Individual Meters
COLDWELL BANKER RESORT REALTY - R
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