20920 South Avenue, Rehoboth Beach, DE 19971
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.
$1,180,000
