1 Olive Ave

Rehoboth Beach, DE 19971 View Map $4,000,000 Schedule a Tour
Beds7
Baths5
Sq.Ft.3,000
Year1985

Michael Brown

(302) 258-4368

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Status: Active
Property Type:Detached
MLS #:DESU2002070
Sq. Feet:3,000
On Site:69 Days
Lot Size:3,920 Sq. Ft.
County:Sussex
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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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:1 Olive Ave Rehoboth Beach, DE 19971
County:Sussex
Subdivision:North Rehoboth
Zip Code:19971

Architecture

Bedrooms: 7
Bathrooms: 5
Year Built:1985
Stories:2
Style:Contemporary,Coastal
Construction: Frame

Features / Amenities

Total Sq. Ft.:3000
Interior Features: Ceiling Fan(s), Floor Plan - Open, Primary Bedroom - Ocean Front, Wood Floors
Appliances: Dryer, Washer, Disposal, Dishwasher, Oven/Range - Electric, Refrigerator, Microwave
Primary Flooring: Hardwood
Accessibility: Elevator
Other Structures: Above Grade, Below Grade
Cooling: Ceiling Fan(s), Central A/C
Heating: Zoned, Forced Air, Heat Pump(s)

Property Features

Lot Size: 0.09 Acres / 3,920 Sq. Ft.
Lot Dimensions:41.00 x 102.00
Waterfront: Ocean
View: Ocean
Location: Oceanfront
Water Access: Yes
Off Street Parking - # of Spaces: 6
Water: Public
Sewer: Public Sewer
Utilities On Site: Cable TV
Zoning:TN
Directions:1st Street to Olive Avenue, oceanblock

Tax and Financial Info

Total Taxes: $4,662 (paid Annually)
School Tax: $3,511 (paid Annually)
City Taxes: $785 (paid Annually)
Ownership: Fee Simple
City Tax Rate:785.00%

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1 Olive Ave Rehoboth Beach, DE 19971
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1 Olive Ave Rehoboth Beach, DE 19971
 
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Listing Information Last Updated 9/27/2021
Listing provided courtesy of Jack Lingo - Rehoboth.
Property Summary:
Home for sale at .

Description: The home at 1 Olive Ave Rehoboth Beach, DE 19971 with the MLS Number DESU2002070 is currently listed at $4,000,000 and has been on the Rehoboth Beach market for 68 days.

GeoCoordinates:
-75.07694988
38.71940812

List Price: $4,000,000

You are viewing the MLS property details of the home for sale at 1 Olive Ave Rehoboth Beach, DE 19971, which is located in the North Rehoboth subdivision, includes 7 bedrooms and 5 bathrooms, and has approximately 3000 sq.ft. of living area.