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

Price
$4,000,000
Bed
7
Bath
5
Acres
0.09
Town
Rehoboth Beach
MLS
Desu2002070

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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Exterior Features

Architectural Style
Contemporary, coastal
Construction Materials
Frame
Type of Parking
Off Street
Pool
No Pool
Water Body Type
Ocean

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

Additional Details

Subdivision Name
North Rehoboth
Square Footage
3000
Acres
0.09
Year Built
1985
New Construction
N
Property Type
Residential
Total SQFT
3000
County
Sussex
Lot Size Dimensions
41.00 X 102.00
SchoolDistrictName
Cape Henlopen
© Coastal Association of REALTORS All rights reserved. All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction. Real estate listings held by brokerage firms other than Atlantic Shores Realty, LLC. are indicated here. Listing courtesy of Jack Lingo - Rehoboth. Site maintained by Ryan T. Haley, Broker of Atlantic Shores Realty. Office: (410) 524-0919 | This email address is being protected from spambots. You need JavaScript enabled to view it.