1 OLIVE AVE

  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971
  • REHOBOTH BEACH, DE 19971

1 OLIVE AVE
NORTH REHOBOTH
REHOBOTH BEACH, DE 19971

MLS Number: DESU2002070


$4,000,000
Beds: 7
Baths: 5

Description

  • 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.

General Details

  • Bedrooms: 7
  • Bathrooms, Full: 5
  • Lot Area: 3,920
  • County: SUSSEX
  • Year Built: 1985
  • Sub-Division: NORTH REHOBOTH
  • Area: 3000
  • Sewer: Public Sewer

Community Information

  • Zoning: TN

Exterior Features

  • Garage(s): N
  • Pool: No Pool
  • Style: Contemporary,Coastal
  • Waterfront: N
  • Waterview: Y

Interior Features

  • Appliances: Dryer, Washer, Disposal, Dishwasher, Oven/Range - Electric, Refrigerator, Microwave
  • Basement: N
  • Flooring: Hardwood
  • Heating: Zoned, Forced Air, Heat Pump(s)
  • Cooling: Y
  • Furnished: Yes
  • Water: Public
  • Interior Features: Ceiling Fan(s), Floor Plan - Open, Primary Bedroom - Ocean Front, Wood Floors

Lot Information

  • SqFt: 3,920
  • Dimensions: 41.00 x 102.00

School Information

  • School District: CAPE HENLOPEN
  • Elementary School: REHOBOTH
  • Middle School: BEACON
  • High School: CAPE HENLOPEN

Fees & Taxes

  • City Taxes: $785
  • County Taxes: $366

Other Info

  • Listing Courtesy Of: Jack Lingo - Rehoboth
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