1 Read St, Unit 315 Rehoboth, DE 19971
Oceanfront condo with rental income potential and flexible usage.
Property Features for 1 Read St
General Information
- Interior features
- 1, : "Cooling: Ductless/Mini-Split, Wall Unit", "2": "Heating: Wall Unit", "3": "Cooling Fuel: Electric", "4": "Heating Fuel: Electric", "5": "Refrigerator", "6": "Microwave", "7": "Cooktop"
- Exterior features
- 1, : "Cable TV", "2": "Flat"
Building Details
- Year built
- 1955
Source: Monument Sotheby's International Realty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Oceanfront Condo with Rental Income
This oceanfront condo offers both ownership and rental income opportunities. Located in The Surf Club, this property provides direct access to the beach. This unit, part of the highly desirable Standard Ocean View (SOV) category, is one of only nine SOV units in the building. Its elevated position offers better views, more privacy, and higher rental demand compared to lower-level units. The condo features one bedroom and one bathroom, and it comfortably sleeps five with a king-sized bed, a queen-sized sleeper sofa, and a versatile sleeping bench. Owners enjoy 13 weeks of deeded ownership each year. The flexible rental program allows owners to choose which weeks to use and which to rent. Weeks placed in the SOV rental pool earn income based on the total rentals for the room category that week. On-site professional management handles bookings, cleanings, maintenance, utilities, taxes, and insurance. The location provides convenient access to Dewey's restaurants, live music, and nightlife. The Jolly Trolley offers a quick ride into Rehoboth.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Rehoboth
- County
- Sussex
- State
- Delaware
- Longitude
- -75.072787
- Latitude
- 38.692229
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FAQs
What type of property is this?
Short term rental property - Oceanfront condo with rental income potential and flexible usage.
Where is this short term rental property located?
The property is located at 1 Read St, Unit 315 Rehoboth, DE.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: - Oceanfront property with direct beach access; - Deeded ownership (13 weeks per year), not a timeshare; - Rental income potential with flexible rental program and professional on-site management (Hyatt)