Key Facts
- MLS® #: DESU2087708
- Property ID: SIRC2466670
- Original Price: USD 3,299,000
- Property Type: Residential, Single Family Detached
- Lot Size: 5,029 sq.ft.
- Year Built: 1914
- Bedrooms: 10
- Bathrooms: 4+1
- Listed By:
- Michael Reamy
Property Description
Charming Turn-of-the-Century Cottage with Significant Income Potential – Just Steps from theRehoboth Beach Boardwalk 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
Amenities
- Central Air
Listing Agents
- Michael Reamy
C. 2022363229
O. 2022363229
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Location
16 Delaware Avenue, Rehoboth Beach, Delaware, 19971 United States
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Monument Sotheby's International Realty
18949 Coastal Highway Suite 304
Rehoboth Beach, Delaware, 19971
United States
3022276767