Listing Agent: Debbie Reed
- Beds 4
- Baths 3
- Status Sold
- List Price $1,499,000
- Year Built 1980
- Sold Date Nov 19, 2024
- Property Type house
About This Property
Discover this rare two-unit, income-producing property just steps from Silver Lake and only 4 blocks from the beach, generating over $60,000 in annual rental income in '22 & '23! Whether you're looking to live in one unit and rent out the other, or maximize your earnings by leasing both, this property offers endless flexibility. Unit 1 features 2 bedrooms, 2 baths, a spacious screened porch and patio?perfect for relaxing or entertaining. Unit 2 offers 2 bedrooms, 1 bath, and its own inviting screened porch. Both units boast well-appointed kitchens & baths, stylish decor, and modern updates, offered mostly furnished, making them move-in or rental-ready. Enjoy the coastal lifestyle with lush landscaping, great curb appeal, 2 outdoor showers, and a convenient storage shed. County restrictions apply, and no city rental taxes are required for your guests, adding more value to your investment. This property can also be easily converted into a single-family home, giving you even more options. Don't miss this chance to own a Rehoboth Beach investment with great income potential and lifestyle flexibility. Check out the floor plan & 3D tour!
Property Details
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