21089 Elizabeth Ave, Rehoboth Beach, DE 19971

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 … read more …