$734,000
20471 & 20473 Lincoln St, Rehoboth Beach, DE, 19971
2,050
Square feet
0.21
Acres
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.
Facts & Features
| MLS® # | DESU2059506 |
|---|---|
| Price | $734,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,050 |
| Acres | 0.21 |
| Year Built | 1981 |
| Type | Multi-Family |
| Sub-Type | Other, Detached |
| Style | Other |
| Status | Pending |
Community Information
| Address | 20471 & 20473 Lincoln St |
|---|---|
| Area | Lewes Rehoboth Hundred (31009) |
| Subdivision | REHOBOTH MANOR |
| City | Rehoboth Beach |
| County | SUSSEX-DE |
| State | DE |
| Zip Code | 19971 |
| Senior Community | No |
Amenities
| Amenities | CeilngFan(s) |
|---|---|
| Utilities | Cable TV, Electric Available, Sewer Available, Water Available |
| Parking | Crushed Stone |
| Is Waterfront | No |
Interior
| Appliances | Exhaust Fan, Oven/Range-Electric, Range hood, Refrigerator, Dishwasher, Disposal |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Windows | Screens |
| Roof | Asphalt |
| Foundation | Block |
School Information
| District | CAPE HENLOPEN |
|---|
Additional Information
| Date Listed | April 10th, 2024 |
|---|---|
| Days on Market | 16 |
| Zoning | GR |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Jack Lingo - Rehoboth |
|---|---|
| Contact Info | (302) 227-3883 |