Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
Listing photo for 1 Olive Ave, Rehoboth Beach, DE
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1 Olive Ave,

Rehoboth Beach, DE $4,000,000

$4,000,000

Bed: 7
Bath: 5
Sqft: 3,000
Acre: 0.09

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.

Facts & Features
MLS® # DESU2002070
Price $4,000,000
Bedrooms 7
Bathrooms 5.00
Full Baths 5
Square Footage 3,000
Acres 0.09
Year Built 1985
Type Residential
Sub-Type Detached
Style Contemporary, Coastal
Status Active
Tax Year 2020
Annual Tax Amount $4,651
Community Information
Address 1 Olive Ave
Area Lewes Rehoboth Hundred (31009)
Subdivision NORTH REHOBOTH
City Rehoboth Beach
County SUSSEX-DE
State DE
Zip Code 19971
Within City Limits Yes
Sussex Delaware Quadrant East of Rt 1
Amenities
Amenities CeilngFan(s), Master Bedroom - Ocean Front, Wood Floors
Utilities Cable TV
View Ocean
Is Waterfront No
Interior
Interior Features Floor Plan-Open
Appliances Dryer, Washer, Disposal, Dishwasher, Oven/Range-Electric, Refrigerator, Microwave
Heating Zoned, Forced Air, Heat Pump(s)
Cooling Ceiling Fan(s), Central A/C
Fireplace No
# of Stories 2
Stories 2 Story
Has Basement No
Exterior
Exterior Frame
School Information
District CAPE HENLOPEN
Elementary REHOBOTH
Middle BEACON
High CAPE HENLOPEN
Additional Information
Date Listed July 21st, 2021
Days on Market 12
Zoning TN
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Jack Lingo - Rehoboth