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20471 & 20473 LINCOLN ST Rehoboth Beach, DE 19971
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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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Bought with Debra Zyskowski • Keller Williams Realty