107 OCEAN VIEW BOULEVARD
About This Property
Thoughtfully updated throughout, this 3-bedroom, 2.5-bath home features a fully remodeled kitchen, updated bathrooms, new flooring throughout, and a new roof installed in 2020. The inviting front entry opens to a dramatic great room with hardwood flooring, vaulted ceilings, and a cozy wood-burning fireplace. Filled with natural light, the kitchen is designed for both everyday living and entertaining, featuring a skylight, farmhouse sink, upgraded countertops, stainless steel appliances, breakfast nook, and direct access to the rear deck.
The main-level primary suite offers hardwood flooring, a walk-in closet, and a private ensuite bath with a step-in shower. Upstairs, a grand staircase leads to two additional bedrooms and a full bathroom, providing comfortable accommodations for family and guests.
Outdoor living is a highlight of the property. The expansive rear deck overlooks the Fourth Street Preserve, creating a private setting for relaxing or entertaining. A four-season sunroom with tile flooring provides additional living space and a comfortable place to enjoy the surrounding natural beauty year-round. An outdoor shower offers the perfect place to rinse off after a day at the beach or cruising through nature with easy access to all the local bike trails right from your driveway.
Combining an unbeatable Lewes location, extensive updates, protected preserve views, and easy access to downtown shops, restaurants, beaches, and the canal, this Pilottown Village gem presents a rare opportunity to experience the very best of coastal Delaware living.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017