ATTENTION HOUSE FLIPPERS- With a new land lease and improvements this home can be flipped for a nice profit. The proof is in the comps!DO NOT MISS THIS OPPORTUNITY TO PURCHASE ON THE OCEAN BLOCK IN DEWEY BEACH! Two homes on one property, a strong rental history, and major tax savings make this LAND LEASE property a special deal. There are 6 years left on the current land lease (Only $805 a year!) with an opportunity to purchase the land or start a new 60 year lease for $24,584 annually. Vacation rental income averages over 59K the past 3 years!