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    1 Olive Avenue

    REHOBOTH BEACH, DE 19971
    • $4,000,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: DESU2002070
    UPDATED: 17 min ago
    $4,000,000
    • 7
      BEDS
    • 0.09
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $1,333
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1985
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    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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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-24T20:51:55.667.
    www.barrowsandassociates.com/homes/119528777
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    1 Olive Avenue REHOBOTH BEACH, DE 19971

    • Price: $4,000,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: DESU2002070
    7
    Beds
    5
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,000
    SQFT
    $1,333
    $/SQFT
    1985
    Built
    Neighborhood:
    North Rehoboth
    County:
    Sussex
    Area:
    Lewes Rehoboth Hundred (31009)
    Elementary School:
    Rehoboth
    Middle School:
    Beacon
    High School:
    Cape Henlopen
    School District:
    Cape Henlopen
    Property Description
    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.
    Exterior Features

    Architectural Style ContemporaryCoastal Construction Materials Frame Distance To Body Of Water 0 Garage YN No Location Type Oceanfront Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Riparian Rights YN No View Ocean Water Access YN Yes Water Body Name Atlantic Ocean Water Body Type Ocean Water Oriented YN Yes Water View YN Yes Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3000 Appliances DryerWasherDisposalDishwasherOven/Range - ElectricRefrigeratorMicrowave Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ceiling Fan(S)Central A/C Fireplaces Total 0 Flooring Hardwood Furnished Yes Heating ZonedForced AirHeat Pump(S) Heating YN Yes Interior Features Ceiling Fan(S)Floor Plan - OpenPrimary Bedroom - Ocean FrontWood Floors Levels 2 Main Level Bedrooms 4 Spa YN No Upper Level1 Bedrooms 3

    Property Features

    Acceptable Financing CashConventional Accessibility Features Elevator Assessment Year 2021 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Federal Flood Zone Ve-14 Federal Flood Zone YN Yes Heating Fuel Electric Horse YN No Hot Water Electric Lease Considered YN No Navigable Water YN Y New Construction YN No Original MLSNumber 800850540774 Ownership Interest Fee Simple Possession Settlement Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 4662.00 Tax Assessment Amount 82350.00 Tax Lot 1 Total Actual Rent 100000.00 Utilities Cable Tv Vacation Rental YN Yes Water Source Public Year Built Effective 2021 Zoning Tn

    Listing courtesy of Jack Lingo - Rehoboth.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Barrows and Associates | Ocean Atlantic Sotheby's International Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-24T20:51:55.667.
     
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    Barrows and Associates | Ocean Atlantic Sotheby's International Realty
    18949 Coastal Highway Suite 304
    Rehoboth Beach DE, 19971