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38242 ROBINSON DRIVE, Rehoboth Beach, DE 19971
$1,499,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
3
baths
Built in
1980
Discover this rare two-unit, income-producing property just steps from Silver Lake and only 4 blocks from the beach, generating over $60,000 in annual rental income! Whether you're looking to live in one unit and rent out the other, or maximize your earnings by leasing both, this property offers endless flexibility. Unit 1 features 2 bedrooms, 2 baths, a spacious screened porch and patio—perfect for relaxing or entertaining. Unit 2 offers 2 bedrooms, 1 bath, and its own inviting screened porch. Both units boast well-appointed kitchens & baths, stylish decor, and modern updates, offered mostly furnished, making them move-in or rental-ready. Enjoy the coastal lifestyle with lush landscaping, great curb appeal, 2 outdoor showers, and a convenient storage shed. County restrictions apply, and no city rental taxes are required for your guests, adding more value to your investment. This property can also be easily converted into a single-family home, giving you even more options. Don’t miss this chance to own a Rehoboth Beach investment with great income potential and lifestyle flexibility. Check out the floor plan & 3D tour!
Features & Amenities
Interior
- General:
- Combination Dining/Living,Combination Kitchen/Living,Kitchen - Efficiency,Upgraded Countertops,Pantry,Skylight(s),Entry Level Bedroom,Kitchen - Gourmet,Recessed Lighting
- Rooms:
- Living Room,Dining Room,Bedroom 2,Bedroom 3,Bedroom 4,Kitchen,Bedroom 1,Utility Room,Bathroom 1,Bathroom 2,Bathroom 3,Screened Porch
- Appliances:
- Oven/Range - Electric,Range Hood,Refrigerator,Extra Refrigerator/Freezer,Icemaker,Microwave,Dishwasher,Washer,Dryer,Water Heater,Disposal,Washer/Dryer Stacked
- Laundry:
- Washer In Unit,Dryer In Unit,Main Floor,Upper Floor
- Basement:
- Full,Partially Finished
- Flooring:
- Bamboo,Carpet,Ceramic Tile
- A/C:
- Central A/C
- Heating:
- Y, Heat Pump(s), Electric
- Disability Feature:
- None
Exterior
- General:
- Extensive Hardscape,Flood Lights,Outside Shower, Above Grade,Below Grade
- Style:
- Coastal
- Parking:
- Crushed Stone,Stone Driveway
Construction
- Roofing:
- Architectural Shingle
- General:
- Stick Built,Vinyl Siding, 3, Block
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- CAPE HENLOPEN
- County:
- SUSSEX
Lot
- Zoning:
- MR, 334-20.09-37.00
- Current Use:
- 999
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- BRIGHT_MAIN
- Exclusions:
- Unit 1: Dining table & matching chairs, accessories from the porch, Bedroom set in lower level (bed frame, nightstands, armoire – will trade bedroom set from another rental property) Unit 2: Leather sofa in living room, Barstools
This listing courtesy of:
RE/MAX Realty Group Rehoboth, Debbie Reed
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Rehoboth Beach, DE
Housing
- Number of Units
- 17,162
- Median Home Value
- $453,138
- Median Rent
- $1,146
11.89% of housing units are renter occupied.
54.36% are vacant.
Commute
- Car
-
49.90%
- Public Transportation
-
0.42%
- Walk to Work
-
1.01%
- Work from Home
-
47.58%
- Other
-
0.13%
The median travel time to work is 13 minutes.
People
- Population
- 15,337
- Median Age
- 59.70
- Median Household Size
- 2.27
Education
- High School
-
22.01%
- Associate’s Degree
-
6.78%
- Bachelor’s Degree
-
31.57%
- Graduate Degree
-
20.80%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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