1 Olive Ave, Rehoboth Beach, DE 19971
$4,000,000

MLS#
Desu2002070
Price
$4,000,000
Bedrooms
7
Full Baths
5
Standard Status
Active
Waterfront
N

Welcome to 1 Olive Avenue situated just steps from the beach, boardwalk and Rehoboth Avenue. Consisting of 3 units and producing approximately $100,000 per year in rental income, this is an ideal investment property and offers the potential for owner use at the same time. The penthouse unit (Unit C) includes 3 bedrooms, 2 baths, vaulted ceilings, exposed beams, a spacious gourmet kitchen, and an abundance of natural light. A large rooftop deck provides stunning ocean views and the perfect place to relax and unwind. Unit A offers 2 bedrooms, 2 updated baths, an open floor plan, kitchen with breakfast bar and ocean views from the balcony. Lastly, Unit B includes 2 bedrooms, 1 updated bath, galley kitchen, and living area. Additional building features include covered parking and a new elevator, accessible by all units. All 3 units have been recently renovated and are being sold fully furnished.

Exterior Features


View
Ocean
Architectural Style
Contemporary, coastal
Construction Materials
Frame
Water Body Type
Ocean

Interior Features


Heating
Zoned, forced Air, heat Pump(s)
Heating Fuel
Electric
Cooling
Ceiling Fan(s), central A/c
Hot Water
Electric
Flooring
Hardwood
Appliances
Dryer, washer, disposal, dishwasher, oven/range - Electric, refrigerator, microwave
Interior Features
Ceiling Fan(s), floor Plan - Open, primary Bedroom - Ocean Front, wood Floors

Additional Details


Elementary School
Rehoboth
High School
Cape Henlopen
Middle School
Beacon
Square Footage
3000
Acres
0.09
Year Built
1985
New Construction
N
Property Type
Residential
County
Sussex
Lot Size Dimensions
41.00 X 102.00
SchoolDistrictName
Cape Henlopen
Sussex DE Quadrants
East Of Rt 1