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99 Sussex Street,  Rehoboth Beach DE, 19971

(Active)
$2,400,000
|
2,722 sqft
|
MLS# DESU2050454
Last Updated: 5/20/2024 3:01 PM
Description for 99 Sussex Street Rehoboth Beach, DE 19971
Calling all investors! If you've ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can't beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don't miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!
Price
$2,400,000
SUSSEX
2,722 (approx)
DESU2050454
Active
Description
Calling all investors! If you've ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can't beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don't miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!
Listing Information
Property Type: Business Opportunities, Other
0.33 Acres 2,722 (approx) 1950
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Electric Water Heater
Electric Heating
Exterior / Lot Features
8 Parking Spaces,
Shingle
100x142
Cleared
Driving Directions
Rehoboth Ave > Sussex
Financial Considerations
334-13.20-151.00
$2,211
Listing Price History

Rehoboth Beach Real Estate

Rehoboth Beach is located in Delaware. Rehoboth Beach, Delaware 19971 has a population of 18,368.

The median household income in Rehoboth Beach, Delaware 19971 is $89,987. The median household income for the surrounding county is $67,073 compared to the national median of $66,222. The median age of people living in Rehoboth Beach 19971 is 47 years.

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Courtesy: Jack Lingo - Lewes
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/20/2024 3:01 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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