Seller Financing
Address
38242 Robinsons Drive, Rehoboth Beach, DE
Price
$ 1,695,000
Property Attributes
- MLS#DESU2062626
- TypeMulti-Family
- CountySUSSEX
- CityRehoboth Beach
- AreaLewes Rehoboth Hundred
- NeighborhoodDodds Addition
- Zip19971
- StyleCoastal
- Year Built1980
- Taxes$ 1885
- Price$ 1,695,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.14 Acres
Data Source:
Bright MLS
Property Description
POSSIBLE OWNER FINANCING at below market rate, interest only for 5 years for qualified buyers. Get ahead of the rate decline, then refinance. Rare opportunity to own a Move-in-Ready income generating beach home in Rehoboth Beach! 38242 Robinsons Drive is east of Coastal Highway, steps to Silver Lake and only three blocks to the Ocean Beaches. Situated in the coastal community of 'Dodds Addition' just outside Rehoboth Beach city limits this home is a rare find that currently features TWO (2) rentable units, each with 2 BRs generating over $60,000 in rental income annually. Rent both units, or take advantage of the unique layout to live in one and rent the other, or EASILY CONVERT both units into one single family residence by simply cutting a door into the stairwell! Whether looking for an investment property or your own coastal oasis, the options are endless... Step into the first level unit to find an open floorplan, with living/dining combination, an upgraded kitchen as well as primary bedroom with bath and a covered screened porch and open sundeck. The lower level is accessible from the first floor unit and also features a large bedroom and storage. Upstairs via a separate entrance is a two bedroom home with open kitchen & living space, full bath and also has access to another charming second story screened porch. Both porches overlook a beautifully landscaped yard. Easy to open the stairwell wall to combine the units. Spend your days on the sand and rinse off in one of the two custom outdoor showers prior to popping into town for a night out. Easily accessible to downtown via the Silver Lake Bridge and also only two blocks from Coastal Highway, you can live conveniently near the beach. Don't miss this rare opportunity!
| Price History | |
|---|---|
| 5/16/2024 | Listed $1,695,000 |
General Features
| Interior Features | Combination Dining/Living,Combination Kitchen/Living,Kitchen - Efficiency,Upgraded Countertops,Pantry,Skylight(s) |
|---|---|
| Sewer | Public Sewer |
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Possession | Settlement |
| Roof | Asphalt |
| Appliances | Oven/Range - Electric,Range Hood,Refrigerator,Extra Refrigerator/Freezer,Icemaker,Microwave,Dishwasher,Washer,Dryer,Water Heater |
| Exterior Features | Extensive Hardscape,Flood Lights,Outside Shower |
| Zoning | GR |
| Patio/Porch Features | Screened,Porch(es) |
| Architectural Style | Coastal |
| Construction Materials | Stick Built,Vinyl Siding |
| School District | CAPE HENLOPEN |
| Year Built | 1980 |
| Property SubType | Duplex |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | SUSSEX |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | DODDS ADDITION |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 8 |
| Status | ACTIVE |
| Directions | From Rehoboth Avenue,proceed south on Bayard Avenue,cross Silver Lake Bridge and make first right turn onto Robinsons Drive and stay left. Home is on left hand side,38242. From Coastal Highway Sou |
| ModificationTimestamp | 2024-06-09T10:24:45 |
| City | REHOBOTH BEACH |
| Buyer Agent Compensation | 2.5 |
| NumberOfUnitsTotal | 2 |
| MLS Area | Lewes Rehoboth Hundred (31009) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6098.00 |
| Waterfront Y/N | No |
| Tax Annual Amount | 1885.0 |
| Two Bedroom | 2 |
| Structure Type | Detached |
| Acceptable Financing | Seller Financing,Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 36 |
| Sussex DE Quadrants | East of Rt 1 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | Dodds Addition |
| Total Actual Rent | 60000.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Full |
| Hot Water | Electric |
| Furnished Units | All |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 4 |
| Type of Parking | Driveway,Off Site |
| Foundation Details | Block |
| Water View Y/N | No |
| Lot Dimensions | 76.00 x 84.00 |
| Lot Size Acres | 0.14 |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
| Off Site - # of Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19971
Price
Taxes
Visits
Year Built
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