99 Sussex St, Rehoboth Beach, 19971 $2,400,000

MLS Number: Desu2050454
List Price: $2,400,000
Standard Status: Active
Waterfront: N
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!

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Exterior Features

Construction Materials: Stick Built
Parking Features: Private
Roof: Shingle

Interior Features

Heating: Other
Heating Fuel: Electric
Cooling: Ductless/mini-split
Hot Water: Electric

Additional Details

Acres: 0.33
Year Built: 1950
New Construction: N
Property Type: Commercial Sale
County: Sussex
Lot Size Dimensions: 100x142
Sussex DE Quadrants: East Of Rt 1