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

MLS Number
Desu2002070
Subdivision Name
North Rehoboth
List Price
$4,000,000
Bedrooms
7
Full Baths
5
City Name
Rehoboth Beach
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.

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List Office Name:
Jack Lingo - Rehoboth

Interior Features

Heating
Zoned, forced Air, heat Pump(s)
Cooling
Ceiling Fan(s), central A/c
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

Exterior Features

Architectural Style
Contemporary, coastal
Construction Materials
Frame

Additional Details

Elementary School
Rehoboth
High School
Cape Henlopen
Middle School
Beacon
Square Footage
3000
Acres
0.09
Year Built
1985
New Construction
N
Lot Size Dimensions
41.00 X 102.00