Rehoboth Beach & Lewes Delaware Real Estate
37156 Rehoboth Ave Ext., Suite 5, Rehoboth Beach, DE 19971 - Call: 302-745-0826 Cell

Rehoboth Beach Real Estate Property For Sale

1 OLIVE, Rehoboth Beach, DE


7 Bedrooms
5 Full Bathrooms
Half Baths: 0

Price: $4,000,000.00

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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MLS #: DESU2002070
Price: $4,000,000.00
Waterview: Ocean
Address: OLIVE
Dwelling Type:
Year Built: 1985
Waterview: Ocean
Lot Dimensions: 41.00 x 102.00
Acreage: 0.09
Dwelling Sq Ft: 0.00
Garage: Off Street

Flooring: Hardwood
Heating: Zoned,Forced Air,Heat Pump(s)
Cooling: Ceiling Fan(s),Central A/C
County Taxes: $366
City Taxes: $785
Water Fee: $0
Sewer Fee:
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Listing Broker: Jack Lingo - Rehoboth
Listing Agent: BRYCE LINGO
Listing Status: Active

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:

HOA Condo Ammenities:

Map locations are approximate. Please contact our sales agent for additional location information.

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