Pending
99 Sussex St
Rehoboth Beach DE, 19971
$2,000,000
$734.75 per sqft
Pending
2,722 sqft
Commercial
Built in 1950
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!
DESU2050454
MLSⓇ ID
October 26, 2023
Listed
December 17, 2024
Updated
Map
99 Sussex St
Rehoboth Beach DE, 19971
Interior Features
Appliances
Electric Water Heater
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.33 Acres
Lot Features
Cleared
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Taxes
$1,395
Tax Frequency
Annually
Days on Market
383
Garage
No
Parking Total
8
View
No
County
SUSSEX
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/11/2024 | Pending | — |
11/11/2024 | Under contract | — |
8/16/2024 | Price change | $2,000,000 -10% |
6/17/2024 | Price change | $2,200,000 -9% |
2/21/2024 | Price change | $2,400,000 -4% |
Listed by Jack Lingo - Lewes
Listing Contact: 3023449188
The IDX display contains information sourced from the Bright MLS, Inc. as of 12/17/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Bright MLS, Inc. all rights reserved.
Data last updated on 12/17/2024 at 5:40 PM UTC
