20961 ROGERS AVENUE

REHOBOTH BEACH, DE 19971

Welcome to Ann Acres, where endless possibilities await. This charming beach cottage offers the perfect opportunity to enjoy summer living, earn rental income from a proven rental history, or build a brand-new home. Located on a fee simple 50 x 100 lot just three blocks from the ocean (fee simple means no  ground rent)—this home has undergone numerous updates over the past two years.   The first level features a family room that leads to an updated kitchen and dining area. There are three bedrooms, one full bathroom, and a door that opens to a deck overlooking a large fenced yard with an outdoor shower and room for a pool!  The second level boasts a family room with a back covered porch and a front open deck.  Extensive updates have been made, including reinforced foundation, refinished hardwood floors, a custom staircase to the second floor, newly drywalled and painted ceilings on the first level, updated kitchen cabinetry and counters, and relocated hot water heater. Additional improvements include two mini-splits for HVAC and heating, insulated and drywalled walls on the second level, new flooring on the covered porch, new deck railings, repaired siding, updated fencing, gates, paver sidewalk, and parking area. Enhancements also include an updated outdoor shower, new light fixtures, ceiling fans in bedrooms, and more.  Despite these modern upgrades, the property maintains its classic beach cottage charm with knotty pine paneling. A Rental Proforma suggests an income range of $38,000 to $90,000 per year, with the potential for an additional $20,000 by adding a pool. If you envision starting fresh, plans are available for a brand-new three-story, 5-bedroom home on this lot, starting at $1,412,400 as a lot/home package. Immerse yourself in the Dewey Beach Way of Life—take the video tour today!

Listing courtesy of Monument Sotheby's International Realty



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.