Patterson-Schwartz Real Estate38242 Robinson Drive, Rehoboth Beach, DE 19971-2073 $1,499,000
With Pending Contract
Acreage: 0.14
Age:44 years
Style:
Coastal
Subdivision: Dodds Addition
Design/Type:
Detached
Description
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!
Kitchen: Upper 1
Bedroom 3: Upper 1
Bathroom 3: Upper 1
Bedroom 4: Upper 1
Screened Porch: Upper 1
Living Room: Main
Dining Room: Main
Bedroom 1: Main
Bathroom 1: Main
Bathroom 2: Main
Screened Porch: Main
Bedroom 2: Lower 1
Utility Room: Lower 1
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Water
Water Oriented: Yes; Water Front: No; Water Access: No; Water Body Type: Ocean; Navigable: No;
Utilities
Heat Pump(s), Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, Dryer In Unit, Main Floor Laundry, Upper Floor Laundry, Washer In Unit
Garage/Parking
Driveway, Off Site
Interior
Combination Dining/Living, Combination Kitchen/Living, Kitchen - Efficiency, Upgraded Countertops, Full Basement, Partially Finished Basement, Carpet Flooring, Ceramic Tile Flooring, Bamboo Flooring
Exterior
Block Foundation, Architectural Shingle Roof, Stick Built Exterior, Vinyl Siding, Deck(s), Porch(es), Screened Porch/Deck, Extensive Hardscape, Flood Lights, Outside Shower
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (2 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Rehoboth Elementary School | Cape Henlopen School District | K–5 | Rehoboth Beach | 0.38 mi |
| Love Creek Elementary School | Cape Henlopen School District | K–5 | Lewes | 3.83 mi |
Public Middle (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Beacon Middle School | Cape Henlopen School District | 6–8 | Lewes | 3.62 mi |
© 2024 LiveBy. All Rights Reserved.
This report is a detailed community overview for Rehoboth Beach (19971), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 24
- Average salary of people in this community: $77,267
Community Summary
- Population Density (ppl / mile): 495
- Household Size (ppl): 1.96
- Households w/ Children: 15%
Housing Inventory
- Owned: 6,197 (37.9%)
- Rented: 812 (5.0%)
- Vacant: 9,359 (57.2%)
- Total: 16,368
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.2%
- Some High School: 3.1%
- High School Graduate: 19.8%
- Some College: 15.6%
- Associate Degree: 7.5%
- Bachelor's Degree: 28.0%
- Graduate Degree: 24.9%
Income by dollar range
Median Income: $78,689
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,682
- One Bedroom: $932
- Two Bedroom: $1,268
- Three Bedroom: $1,432
- Four Bedroom: $2,638
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-462-5284
Listing Courtesy of: RE/MAX Realty Group Rehoboth , (302) 227-4800, dolores@rehobothre.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/09/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
