1 OLIVE AVE, REHOBOTH BEACH

Listing Office: Jack Lingo - Rehoboth

7 Beds, 5 Baths
$4,000,000

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.

Community:

Building Name:

Structure Type: 
Detached
Style: 
Contemporary
Coastal
Ownership: 
Fee Simple
Year Built: 
1985
Living Area SQFT Total: 
3,000
Lot Size SQFT: 
3,920
Lot Size Acres: 
0.09
Levels: 
2
Bedrooms: 
7
Full Bathrooms: 
5
City Tax: 
$785.00 Annually
County Tax: 
$4,662.00 annually
School Tax: 
$ 3,511.00 Annually
Construction Materials: 
Frame
Other Structures: 
Above Grade
Below Grade
Pool: 
No Pool
Water: 
Public
Sewer: 
Public Sewer

Utilities:

Heating System: 
Zoned
Forced Air
Heat Pump(s)
Cooling System: 
Ceiling Fan(s)
Central A/C
Hot Water: 
Electric

Delaware Real Estate: 1 olive avenue

Similar Real Estate

Listing #MDWO2002388: image #1
MLS#: MDWO2002388
Sq. Ft.: 184,346 |
$ 4,000,000
NAI Coastal
Listing #DESU172992: image #1
MLS#: DESU172992
$ 100,000
SVN/Miller Commercial Real Estate
Listing #DESU175268: image #1
MLS#: DESU175268
$ 315,000
Keller Williams Realty Delmarva
Listing #DESU175036: image #1
MLS#: DESU175036
Sq. Ft.: 4,792 |
$ 315,000
Keller Williams Realty Delmarva

Sell Your Home!

 

MarketWatch

Keep on top of what is happening in the real estate market in our area

Learn More

Our Commitment

You can feel confident and assured that you will receive the highest quality of service from us.

More Info

We're here to help

We'll make the selling process easy and stress free!
Let us show you how.

More Info

Back to Top

Request More Information

Please fill out the following information and we will get in touch with you as soon as possible regarding your Real Estate property.

Please fill out this field, it is required.
Please enter correct email.