21089 Elizabeth Ave, Rehoboth Beach, DE 19971

$1,799,000
2
BD
1
BA
812
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,799,000
Days on Market
69
Status
ACTIVE
MLS#
DESU2112446
Bedrooms
2
Bathrooms
1
Full Baths
1
Living Area
812
Lot Size (Acres)
0.11
Style
Ranch/Rambler
Year Built
1957
County
Sussex
School District
Cape Henlopen

Property Description

This charming ranch-style property is a rare find just a couple blocks away from the beach. The main house features 2 bedrooms, 1 bathroom, a spacious living room with a wood-burning fireplace, an updated eat-in kitchen, and an enclosed porch for summer relaxation. The main house has undergone significant updates in the past 5 to 10 years including a renovated kitchen and bathroom, refinished hardwood floors, new siding, gutters, and fascia. Situated on a 50 x 100 lot just outside the city limits, this property also includes a newly rebuilt 1 bedroom, 1 bathroom detached apartment with rental income potential. The apartment offers a living/dining combination on the first floor and a bedroom with a full bath on the upper level. With a driveway that fits five plus cars, parking will never be an issue for you or your tenants. The rental income generated in 2024 was $65,000 prior to the completion of the apartment, and the estimated income for the apartment alone ranges from $20,000 to $30,000. Whether you're looking for a new home near the beach or an investment property with great rental potential, this property is a fantastic opportunity not to be missed. Take advantage of this unique property and make it yours today! Agent is related to seller. Seller is a licensed real estate agent in the State of Delaware.

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
Ann Acres
Taxes
$1430
School District
Cape Henlopen
High School
Cape Henlopen
Fireplaces
1
Fireplace Description
Brick
Heating
Forced Air
Heating Fuel
Electric
Cooling
Central A/C
Utilities
Above Ground
Water
Public
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Patterson-Schwartz-Brandywine. Contact: 3024750800