99 SUSSEX ST Pending

Rehoboth Beach,DE 19971

$ 2000000

- Bed

- Bath

2722 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 2,722 sqft

Price per Sqft $734

MLS Listing ID DESU2050454

Year Built 1950

Annual Tax Amount $1,395

Tax Year 2023

Lot Size 0.326 Acres

Property Description

Calling all investors! If you've ever wanted to own 6 luxury efficiency apartments in the middle of Downtown Rehoboth Beach, this is your chance! The Pine Suites (formerly known as The Printz) is looking for its new owners. After being completely gutted and renovated, all units now feature a new roof, windows, doors, and flooring. The kitchens and bathrooms have also been completely updated, as well as all important systems, including HVAC, electrical, and plumbing. When we say renovated, we truly mean renovated! The ceiling has even been opened up for increased height! Located close to Grove Park, the Rehoboth Beach Farmers Market, and popular restaurants such as Dogfish Head and the Cultured Pearl, you can't beat this location. Only a few blocks away from the ocean and the famous Rehoboth Beach boardwalk, each unit has a rental projection of $1200 per week during peak season, $11,000 for seasonal rentals, and $1,400 per month for year-round rentals. Don't miss your chance to add these gorgeous new units to your investment portfolio. Schedule your private showing now!

Location

State DE

County Sussex

Area Lewes Rehoboth Hundred (31009)

Zoning TN

Interior

Hot Water Electric

Heating Other

Cooling Ductless/Mini-Split

Exterior

Garage Spaces 8.0

Water Access N

Roof Type Shingle

Building

Lot Description Cleared

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Cape Henlopen

Others

Special Listing Condition Standard

View More
Favorite Go Tour