$734,000
●
Multifamily -
In Contract
20471 & 20473 LINCOLN ST
REHOBOTH BEACH, DE 19971
Studio
0 Bath
$3,605
Estimated Monthly
$0
HOA / Fees
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$138
HOA Dues
-
Year Built
-
Listed By
Last updated: 9 days ago (Bright MLS #DESU2059506)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 25, 2024 | In contract | - | |
| In contract | |||
| Apr 10, 2024 | Listed by Jack Lingo - Rehoboth | $734,000 | |
| Listed by Jack Lingo - Rehoboth | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: Off Street
Total Garage and Parking Spaces: 8
Interior Details
Interior Information
Interior Features: Ceiling Fan(s)
Appliances: Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Dishwasher, Disposal
Living Area Square Feet Source: Estimated
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Very Good
Year Built Source: Estimated
Building Information
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Roof: Asphalt
Structure Type: Detached
Window Features: Screens
Construction Materials: Vinyl Siding
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 50.00 x 190.00
Lot Size Source: Assessor
Financial Details
Tax Year: 2023
Tax Annual Amount: $1,654
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
20471 & 20473 LINCOLN ST
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
2
Beds
2
Baths
1,100 ft²
$614/ft²
$675,000
Nov 26, 2023
$675,000
Jan 22, 2024
-
Condo
4
Beds
4
Baths
2,350 ft²
$366/ft²
$860,000
Oct 12, 2023
$860,000
Dec 15, 2023
-
House
4
Beds
4
Baths
-
$810,000
Feb 13, 2023
$810,000
May 1, 2023
$350/mo
Condo
4
Beds
3
Baths
1,900 ft²
$321/ft²
$610,000
Jan 4, 2024
$610,000
Feb 2, 2024
-
Sold
Condo
5
Beds
4
Baths
2,000 ft²
$315/ft²
$630,000
Sep 9, 2023
$630,000
Oct 27, 2023
-
In Contract
Condo
3
Beds
4
Baths
1,810 ft²
$403/ft²
$729,000
Apr 15, 2024
-
-
In Contract
Townhouse
3
Beds
3
Baths
1,838 ft²
$430/ft²
$790,000
Apr 18, 2024
-
$475/mo
In Contract
Condo
4
Beds
4
Baths
1,920 ft²
$333/ft²
$639,000
Mar 28, 2024
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
20471 Lincoln Street
20471 Lincoln Street, Rehoboth Beach, DE 19971
- 1 Unit for Sale
About Sussex
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Listed by: SHAUN TULL
Jack Lingo - Rehoboth
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2059506
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Jack Lingo - Rehoboth
Last Updated: 1 hours ago
Data Source: Bright MLS , MLS# DESU2059506
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
