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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 in '22 & '23! 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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