99 SUSSEX ST Active Save Request In-Person Tour Request Virtual Tour
Rehoboth Beach,DE 19971
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,722 sqft
Price per Sqft $734
MLS Listing ID DESU2050454
Year Built 1950
Annual Tax Amount $1,395
Tax Year 2023
Lot Size 0.326 Acres
Property Description
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!
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Interior
Hot Water Electric
Heating Other
Cooling Ductless/Mini-Split
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Roof Type Shingle
Building
Lot Description Cleared
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cape Henlopen
Others
Special Listing Condition Standard