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20471 & 20473 Lincoln Street Rehoboth Beach, DE $ 734,000
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$ 734,000 Get more info
20471 & 20473 Lincoln Street
$ 734,000
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Share Save

20471 & 20473 Lincoln Street

Rehoboth Beach, DE, 19971
$ 734,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 5,127

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20471 & 20473 Lincoln Street, Rehoboth Beach, DE 19971 - Image 38

Multi-Family Home for sale in Rehoboth Beach, DE

for $734,000 with 6 bedrooms. This home was built in 1981 on a lot size of 0.21.

Offers due by Tuesday, 4/23/2024 at 5:00pm. Investment opportunity! This 4-unit multi-family property is located east of the Lewes Rehoboth Canal and within biking distance of downtown Rehoboth and Dewey Beach. The property consists of two well maintained and recently updated buildings, each with 1st floor and 2nd floor units. 20473 #1 (front) - 2 bedrooms/1bath, 20473 #2 (front) - efficiency/1 bath, 20471 #1 (rear) - 3 bedrooms/2 bath, 20471 #2 (rear) - 1 bedroom/1bath. All units are occupied and remain leased at market rental rates, with potential for rent growth in the future. Excellent investment property with attractive and stable income. Income and expenses available.

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Multi-Family Pending

Price

$ 734,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 1,654

Style

Lot Size

0.21

Year Built

1981

Town/City

Rehoboth Beach

County/Region

Sussex

MLS | Web ID

DESU2059506
Features
General
Interior Features Ceiling Fan(s)
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Utilities Cable TV Electric Available Sewer Available Water Available
Possession Settlement
Roof Asphalt
Appliances Exhaust Fan Oven/Range - Electric Range Hood Refrigerator Dishwasher Disposal
Zoning GR
Pool Y/N No Pool
Architectural Style Other
Security Features Smoke Detector
Construction Materials Vinyl Siding
Year Built 1981
Electric 200+ Amp Service Circuit Breakers
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 67020.00
Accessibility None
County SUSSEX
Net Operating Income 45325.00
New Construction N
Property Type Multi-Family
Subdivision Name REHOBOTH MANOR
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status PENDING
Directions Rt. 1 to Washington Street first right on Jefferson St (1B) left on Lincoln Street property on left.
City REHOBOTH BEACH
Buyer Agent Compensation 2.5
Disclosures Prop Disclosure
Total Units 4
MLS Area Lewes Rehoboth Hundred (31009)
Lot Size Square Feet 9148.00
Waterfront Y/N N
Number of Units Leased 4
Street Name LINCOLN
Tax Annual Amount 1654.0
Home Warranty Y/N N
Property Condition Very Good
Two Bedroom 1
Structure Type Detached
Price Per Sq Ft 358.05
Acceptable Financing Contract Cash
Rent Control Y/N N
Vacation Rental Y/N N
Days on Market 16
Sussex DE Quadrants Between Rt 1 & 113
Lease Type Yearly Gross
Standard Status Pending
Year Built Source Estimated
Legal Subdivision REHOBOTH MANOR
Tax Lot 4
Total Actual Rent 67020.00
Buyer Agent Compensation Type % Of Gross
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Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 2
Heating Y/N Y
Window Features Screens
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N Y
Number of Elevators 0
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Exterior
Parking Features Crushed Stone
Water Source Public
Type of Parking Off Street
Foundation Details Block
Water View Y/N N
Lot Dimensions 50.00 x 190.00
Lot Size Acres 0.21
Lot Size Units Square Feet
Lot Size Source Assessor
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 20471
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* Excluded Features
List By
Jack Lingo - Rehoboth

Broker

shaun@rbre.com

Email

Affordability Calculator

$5,265
Per Month
97%
3%
0%
Monthly Principal & Interest
$5,127
Monthly Property Taxes
$138
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
2314408 Elementary School
2314409 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2024$734,000 Listed Price

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20471 & 20473 Lincoln Street, Rehoboth Beach, DE, 19971 is a Multi-Family Home for sale at $734,000 with a lot size of 0.21. 20471 & 20473 Lincoln Street has 6 bedrooms, 0.0 baths, and was built in 1981. The property's zip code is 19971 which is in Rehoboth Beach, DE

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