20920 South Ave, Rehoboth Beach, De 19971

MLS Number
Desu2022686
Status
Active
Subdivision Name
None Available
List Price
$1,180,000
Bedrooms
6
Full Baths
4
Waterfront
N
City Name
Rehoboth Beach

They say the biggest selling point in real estate is location. Welcome to 20920 South Ave where you are a block from the beach, a 5-minute walk to Dewey Beach and the beautiful Atlantic Ocean. Just up the road from downtown Rehoboth and a cool 15-minute drive to Bethany Beach, makes this property a beach bum's paradise! The layout features a duplex-style floorplan to allow for both short-term and long-term rentals of one or both units. Two separate entrances allow for optimal privacy for inhabitants. This property also offers a 4-5 car driveway, perfect for entertaining larger gatherings. The bottom unit is currently being rented for the Summer (tenants can convey with sale). The seller currently uses the home as a seasonal rental and brings in roughly $20,000-$25,000 in the Summer season for just the bottom unit alone. The new owner of the property has the opportunity to enjoy their stay in either unit while bringing in rent on one or just rent both for the full income potential. Similar properties being used as short-term rentals in the area bring in about $2,500/week. LOTS of investment and/or beach getaway potential.

For more information about 20920 South Ave contact us


Additional Information

Square Footage
4576
Acres
0.11
Year Built
2001
New Construction
N
Property Type
Residential
County
Sussex
Lot Size Dimensions
50.00 X 100.00
SchoolDistrictName
Cape Henlopen
Sussex DE Quadrants
Between Rt 1 & 113

Exterior

Architectural Style
Raised Ranch/rambler, ranch/rambler
Construction Materials
Frame, aluminum Siding
Foundation Details
Concrete Perimeter

Interior

Heating
Heat Pump(s)
Heating Fuel
Electric
Cooling
Central A/c
Hot Water
Electric


Listing courtesy of Long & Foster Real Estate, Inc..