$1,799,900

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21089 Elizabeth Rehoboth Beach, DE, United States 19971-1959

This charming ranch-style property is a rare find just a couple blocks away from the beach. The main house features 2 bedrooms, 1 bathroom, a spacious living room with a wood-burning fireplace, an updated eat-in kitchen, and an enclosed porch for summer relaxation. The main house has undergone significant updates in the past 5 to 10 years including a renovated kitchen and bathroom, refinished hardwood floors, new siding, gutters, and fascia. Situated on a 50 x 100 lot just outside the city limits, this property also includes a newly rebuilt 1 bedroom, 1 bathroom detached apartment with rental income potential. The apartment offers a living/dining combination on the first floor and a bedroom with a full bath on the upper level. With a driveway that fits five plus cars, parking will never be an issue for you or your tenants. The rental income generated in 2024 was $65,000 prior to the completion of the apartment, and the estimated income for the apartment alone ranges from $20,000 to $30,000. Whether you're looking for a new home near the beach or an investment property with great rental potential, this property is a fantastic opportunity not to be missed. Take advantage of this unique property and make it yours today! Agent is related to seller. Seller is a licensed real estate agent in the State of Delaware.

Amenities

  • Bedrooms: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Year Built: 1957
  • Built in 1957
  • Home size: 812 ft2 / 75.44 m2
  • MLS: DESU2098786
  • Status: Active

Property brokered by

Patterson-Schwartz Real Estate

(302) 234-3600

Get more listing details on brokerage site

Presented by George Manolakos

  • (302) 475-0800 (Office Phone)

Contact George Manolakos

Contact Agent

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