10 Beds
5 Baths
3,300 SqFt
10 Beds
5 Baths
3,300 SqFt
OPEN HOUSE
Sat Jun 07, 11:00am - 2:00pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $999
Subdivision South Rehoboth
MLS Listing ID DESU2087708
Style Coastal,Cottage
Bedrooms 10
Full Baths 4
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 3,300
Year Built 1914
Annual Tax Amount $1,546
Tax Year 2019
Lot Size 5,029 Sqft
Acres 0.12
Property Sub-Type Detached
Source BRIGHT
Property Description
Main House: 7 Bedrooms | 3.5 Baths -
Guest House: 3 Bedrooms | 1 Bath -
Two Rental Licenses | Six-Figure Annual Income
Nestled on the ocean block of one of Rehoboth's most iconic locations, 16 Delaware Avenue is a rare opportunity to own a piece of coastal history just steps from the iconic boardwalk and sandy beaches. This charming turn-of-the-century cottage offers classic character and exceptional investment potential in the heart of Rehoboth Beach.
The main house features 7 spacious bedrooms and 3.5 baths, and a new kitchen perfect for large gatherings or multiple tenants. In addition, a detached guest house offers 3 bedrooms and 1 full bath, ideal for overflow guests or an additional rental stream. With two active rental licenses, the property is a proven income generator, already bringing in six figures annually with low operating costs given the newly installed solar array.
There's additional upside: with thoughtful updates and enhancements, rental income could easily double, as demonstrated by comparable nearby properties. Whether you're looking for a full-time beach retreat, a vacation getaway, or a high-performing investment, this property offers the flexibility and location that discerning buyers seek.
Enjoy morning strolls along the boardwalk, easy access to shops and restaurants, and a home filled with vintage charm and modern potential.
Bonus Opportunity: This home can also be purchased in combination with neighboring 18 Delaware Avenue (MLS# DESU2087710), offering a rare chance to own a 100x100 foot compound in one of the most sought-after locations in Rehoboth Beach. Whether you're looking for a private family estate or a high-performing vacation rental portfolio, the possibilities here are truly unique.
Don't miss this exceptional opportunity in the heart of Rehoboth Beach
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Direction North
Rooms
Other Rooms Additional Bedroom
Main Level Bedrooms 10
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Flooring Carpet, Ceramic Tile
Fireplaces Number 1
Fireplaces Type Brick
Fireplace Y
Heat Source Electric
Exterior
Water Access N
Roof Type Architectural Shingle
Accessibility None
Garage N
Building
Story 2
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Coastal, Cottage
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Wood Walls,Other
New Construction N
Schools
Elementary Schools Rehoboth
Middle Schools Beacon
High Schools Cape Henlopen
School District Cape Henlopen
Others
Pets Allowed Y
Senior Community No
Tax ID 334-14.18-64.00
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed Cats OK, Dogs OK
Virtual Tour https://www.zillow.com/view-imx/ef2e294a-b32f-4199-a89d-bfe24d3c31af?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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