37490 Washington Street, Rehoboth Beach, DE, 19971

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$1,950,000
19 Days Online

37490 Washington Street
Rehoboth Beach, DE 19971

For Sale|Multi-Family|Active
Subdivision:
Washington Heights
County:
Sussex
Call Now: 717-991-5470
Is this the home for you? We can help make it yours.
717-991-5470
37490 Washington Street37490 Washington Street37490 Washington Street37490 Washington Street
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Introducing the Ultimate Multi-Family Compound and Business Opportunity: Custom Year-Round Cottages where the living is easy. Live in one and rent the other two. Welcome to a remarkable residential and commercial property that offers an unparalleled investment opportunity in the heart of Washington Heights in beautiful Rehoboth Beach. Nestled east of Coastal Highway, this multi-family compound boasts a collection of custom-built cottages, each at least 2 Bedrooms, bar and sitting area with luxury step-in showers and outdoor showers. The loads of upgrades that will leave you awe-inspired. With meticulous attention to detail, each cottage is a testament to quality workmanship including hardboard exteriors and luxurious living. Step into a world of elegance as you enter these stunning cottages. The interiors are adorned with granite countertops, stainless steel appliances, and pocket doors that effortlessly blend functionality and style. Upgraded wood-like flooring or vinyl graces every room, creating a warm and inviting atmosphere. Tons of recessed lights illuminate the space, ensuring a bright and welcoming ambiance throughout the day. The cottages are designed to provide the utmost comfort and convenience for residents and guests alike. Each unit features spacious porches, perfect for enjoying the refreshing coastal breeze or hosting intimate gatherings. The private courtyard serves as a tranquil oasis, offering a serene escape from the hustle and bustle of everyday life. Plenty of Room for a pool or Hot Tub. Beyond the exquisite features and finishes, this property presents an exceptional business opportunity. With its prime location in Rehoboth Beach, a highly sought-after destination, the potential for generating substantial rental income is undeniable. The year-round appeal of these cottages ensures a steady stream of visitors, providing a reliable source of revenue. Investing in this multi-family compound not only guarantees a profitable venture but also offers the chance to become a part of a thriving community. Rehoboth Beach is renowned for its vibrant atmosphere, pristine beaches, and an array of recreational activities. Your guests will have access to an abundance of amenities, including world-class dining, tax-free shopping, and entertainment options. Furthermore, the property's proximity to Coastal Highway ensures easy access to nearby attractions, such as the iconic Rehoboth Boardwalk and the stunning Cape Henlopen State Park. Whether your guests are seeking relaxation or adventure, this location offers something for everyone. The cottages have been meticulously maintained, allowing for a seamless transition for new owners. The property's reputation for excellence and attention to detail will attract discerning guests who appreciate the finer things in life. When it comes to real estate investments, this multi-family compound stands out from the rest. Its combination of luxurious living, prime location, and strong rental potential make it an irresistible opportunity for savvy investors. Don't miss your chance to own a piece of Rehoboth Beach's thriving hospitality industry.

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Listing Snapshot
Price 
$1,950,000
Days Online 
19 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,400 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.14 Acres
Year Built 
2008
MLS Number 
DESU2047780
Status 
Active
Property Tax 
$1,024
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
13 hours agoListing updated with changes from the MLS
2 weeks agoStatus changed to Active
3 weeks agoListing first seen online
General Features
Style 
CottageBungalowColonial
Water 
Public
Sewer 
Public Sewer
Utilities 
PropaneCable TV
Electric 
220 Volts
Garage 
No
Parking 
Paved Driveway
Foundation 
Concrete PerimeterCrawl Space
Other Structures 
Above GradeBelow Grade
Construction Materials 
Stick BuiltCement Siding
Zoning 
C-1
Acceptable Financing 
CashConventional
Interior Features
Flooring 
Engineered WoodVinylOther
Appliances 
Built-In MicrowaveBuilt-In RangeDishwasherDisposalDryerExhaust FanRefrigeratorWasherWater Heater
Heating 
Forced AirHeat Pump(s)
Cooling 
Central A/C
Central Air 
Yes
Basement 
No
Fireplace 
No
Other Interior Features 
BarBreakfast AreaCeiling Fan(s)Entry Level BedroomSound SystemOther
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Exterior Features
Pool 
No Pool
Lot Features 
LandscapingRear YardPrivate
Roof 
Architectural Shingle
Other Exterior Features 
Exterior LightingGutter SystemOutbuilding(s)Outside Shower
Community Features
Accessibility Features 
None
Schools
School District
CAPE HENLOPEN
Elementary School
REHOBOTH
Middle School
Unknown
High School
CAPE HENLOPEN
Listing courtesy of Dave McCarthy & Associates, Inc. (302) 426-2080



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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