$2,000,000
99 Sussex St, Rehoboth Beach, 19971
MLS Number: Desu2050454
Status: Active
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!
Listing courtesy of Jack Lingo - Lewes.
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Exterior Features
Construction Materials
Stick Built
Parking Features
Private
Roof
Shingle
Interior Features
Heating
Other
Heating Fuel
Electric
Cooling
Ductless/mini-split
Hot Water
Electric
Additional Details
Acres
0.33
Year Built
1950
New Construction
No
Property Type
Commercial Sale
County
Sussex
Lot Size Dimensions
100x142
Sussex DE Quadrants
East Of Rt 1