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Mann & Sons Inc

414 Rehoboth Ave Rehoboth Beach, DE, 19971
Office: 302-227-9477

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Bill Mann

Broker / Owner

  • Cell 302.470.7600
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1 Olive Ave, REHOBOTH BEACH, DE – $4,000,000

  • 7 Beds
  • 5 Baths
  • 3,000 Sqft
  • .09 Acres
  • 7 Beds
  • 5 Baths
  • 3,000 Sqft
  • .09 Acres

1 Olive Ave

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.

Essential Information

  • MLS® #DESU2002070
  • Price$4,000,000
  • Bedrooms7
  • Bathrooms5.00
  • Full Baths5
  • Square Footage3,000
  • Acres0.09
  • Year Built1985
  • TypeResidential
  • Sub-TypeDetached
  • StyleContemporary, Coastal
  • StatusActive

Community Information

  • Address1 Olive Ave
  • AreaLewes Rehoboth Hundred (31009)
  • SubdivisionNORTH REHOBOTH
  • CityREHOBOTH BEACH
  • CountySUSSEX-DE
  • StateDE
  • Zip Code19971

Amenities

  • UtilitiesCable TV
  • ViewOcean

Amenities

CeilngFan(s), Master Bedroom - Ocean Front, Wood Floors

Interior

  • Interior FeaturesFloor Plan-Open
  • CoolingCeiling Fan(s), Central A/C
  • # of Stories2
  • Stories2 Story

Appliances

Dryer, Washer, Disposal, Dishwasher, Oven/Range-Electric, Refrigerator, Microwave

Heating

Zoned, Forced Air, Heat Pump(s)

Exterior

  • ExteriorFrame

School Information

  • DistrictCAPE HENLOPEN
  • ElementaryREHOBOTH
  • MiddleBEACON
  • HighCAPE HENLOPEN

Additional Information

  • City Tax785
  • County Tax366
  • Date ListedJuly 21st, 2021
  • Days on Market67
  • ZoningTN

Listing Details

  • OfficeJack Lingo - Rehoboth
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Listing information last updated on September 25th, 2021 at 11:48am EDT.