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20920 South Avenue

REHOBOTH BEACH, DE 19971
  • $1,180,000
  • STATUS: Active
  • ON SITE: 77 Days
  • ID#: DESU2022686
UPDATED: 77 min ago
$1,180,000
  • 6
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,576
    SQFT
  • $258
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2001
County:

School Ratings & Info

School District:

Description

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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-14T07:10:17.253.
www.barrowsandassociates.com/homes/129284018
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20920 South Avenue REHOBOTH BEACH, DE 19971

  • Price: $1,180,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 77 min ago
  • ID#: DESU2022686
6
Beds
4
Baths
0
½ Baths
0.11
Acres
4,576
SQFT
$258
$/SQFT
2001
Built
Neighborhood:
None Available
County:
Sussex
Area:
Lewes Rehoboth Hundred (31009)
School District:
Cape Henlopen
Property Description
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.
Exterior Features

Architectural Style Raised Ranch/RamblerRanch/Rambler Construction Materials FrameAluminum Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types Driveway Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4576 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Heat Pump(S) Heating YN Yes Levels 2 Main Level Bedrooms 6

Property Features

Accessibility Features Doors - Swing InLevel Entry - Main Assessment Year 2021 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Federal Flood Zone YN No Foundation Details Concrete Perimeter Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Original MLSNumber 801606747638 Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd61-90 Days Cd Sale Type Standard Senior Community YN No Sewer Public Septic Structure Design Type Detached Tax Annual Amount 1093.00 Tax Lot 32 Vacation Rental YN No Water Source Public Zoning Mr

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


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-14T07:10:17.253.
 
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Barrows and Associates | Ocean Atlantic Sotheby's International Realty
18949 Coastal Highway Suite 304
Rehoboth Beach DE, 19971