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PRICE $2,200,000 dsIDX morgage calculator
SIZE 2,722 sqft
LOT SIZE 14,375 sqft

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!

DAYS ON MARKET 267 LAST UPDATED 6/17/2024
YEAR BUILT 1950 COMMUNITY Lewes Rehoboth Hundred (31009)
COUNTY SUSSEX STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Feb 21, '24 $2,500,000
Feb 21, '24 - Jun 17, '24 $2,400,000
Jun 17, '24 - Today $2,200,000


ADDITIONAL DETAILS
APPLIANCES Electric Water Heater
AREA Lewes Rehoboth Hundred (31009)
BUYER'S BROKERAGE COMPENSATION 2.5
HEAT Electric
LOT 0.33 acre(s)
LOT DESCRIPTION Cleared
LOT DIMENSIONS 100x142
SEWER Public Sewer
TAXES 2211
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 99 SUSSEX STREET
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Listing provided by Jack Lingo - Lewes

Based on information from Sussex County Association of REALTORS®, Inc., which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market.
Copyright 2024 Sussex County Association of REALTORS®, Inc.

This IDX solution is (c) Diverse Solutions 2024.