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REHOBOTH BEACH Real Estate
Ocean Front Property For Sale


1 OLIVE
REHOBOTH BEACH Delaware
Ocean Front

Ocean Front
7 Bedrooms, 5 Bathrooms

Price: $4,000,000.00

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.


Bedrooms: 7
Full Baths: 5
Half Baths: 0
Waterfront: Ocean Front
Waterview: Ocean View
Lot Dimensions: 41.00 x 102.00
Acreage: 0.09
Dwelling Sq Ft: 0.00
Dock:
Garage: Off Street
Flooring: Hardwood
Heating: Zoned,Forced Air,Heat Pump(s)
Cooling: Ceiling Fan(s),Central A/C


Appliances: Dryer, Washer, Disposal, Dishwasher, Oven/Range - Electric, Refrigerator, Microwave
Interior Features: Ceiling Fan(s), Floor Plan - Open, Primary Bedroom - Ocean Front, Wood Floors
Exterior Features:
HOA/Condo Ammenities:
County Taxes: $366
City Taxes: $785
Water Fee: $0
Sewer Fee:
$0
Association Fee: $0
Condo Fee: $0
Trash Fee: $0
Ground Rent: $0

Courtesy of: Jack Lingo - Rehoboth
Listing Status: Active



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All Listings data based on information from Sussex County Association of REALTORS®, which neither guarantees nor is in any way responsible for it's accuracy. All data is provided 'AS IS' and with all its faults. Data maintained by Sussex County Association of REALTORS® may not reflect all real estate activity in the market. CROWLEY ASSOCIALTES REALTY, INC. is a Real Estate licensee in the State of Delaware License Number: SCAOR: #SCAOR07031

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