Rehoboth Beach, DE 19971,20471 & 20473 LINCOLN ST
Rehoboth Beach, DE 19971,20471 & 20473 LINCOLN ST
Rehoboth Beach, DE 19971,20471 & 20473 LINCOLN ST
Rehoboth Beach, DE 19971,20471 & 20473 LINCOLN ST
Rehoboth Beach, DE 19971,20471 & 20473 LINCOLN ST
Rehoboth Beach, DE 19971,20471 & 20473 LINCOLN ST
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$755,000

$734,000

2.9%
Est.Price: ?

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Est. payment /mo

2,050 SqFt


SOLD DATE : 05/23/2024

Key Details

Sold Price $755,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,050 sqft

Price per Sqft $368

Subdivision Rehoboth Manor

MLS Listing ID DESU2059506

Sold Date 05/23/24

Style Other

Abv Grd Liv Area 2,050

Originating Board BRIGHT

Year Built 1981

Annual Tax Amount $1,654

Tax Year 2023

Lot Size 9,148 Sqft

Acres 0.21

Lot Dimensions 50.00 x 190.00

Property Description

Offers due by Tuesday, 4/23/2024 at 5:00pm. Investment opportunity! This 4-unit multi-family property is located east of the Lewes Rehoboth Canal and within biking distance of downtown Rehoboth and Dewey Beach. The property consists of two well maintained and recently updated buildings, each with 1st floor and 2nd floor units. 20473 #1 (front) - 2 bedrooms/1bath, 20473 #2 (front) - efficiency/1 bath, 20471 #1 (rear) - 3 bedrooms/2 bath, 20471 #2 (rear) - 1 bedroom/1bath. All units are occupied and remain leased at market rental rates, with potential for rent growth in the future. Excellent investment property with attractive and stable income. Income and expenses available.

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning GR

Interior

Interior Features Ceiling Fan(s)

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Equipment Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Dishwasher, Disposal

Fireplace N

Window Features Screens

Appliance Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Dishwasher, Disposal

Heat Source Electric

Exterior

Garage Spaces 8.0

Utilities Available Cable TV, Electric Available, Sewer Available, Water Available

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 8

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Cape Henlopen

Others

Tax ID 334-19.08-163.01

Ownership Fee Simple

SqFt Source Assessor

Security Features Smoke Detector

Acceptable Financing Contract, Cash

Listing Terms Contract, Cash

Financing Contract,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by SHAUN TULL • Jack Lingo - Rehoboth
Bought with Debra Zyskowski • Keller Williams Realty
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