1 Olive Ave, Rehoboth Beach, De 19971
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.
Zoned, forced Air, heat Pump(s)
Ceiling Fan(s), central A/c
1 Olive Ave, Rehoboth Beach, De
Lot Size Dimensions
41.00 X 102.00
Lewes Rehoboth Hundred (31009)
- Ceiling Fan(s)
- Floor Plan - Open
- Primary Bedroom - Ocean Front
- Wood Floors
- Oven/Range - Electric
Tax Annual Amount
Listing courtesy of Jack Lingo - Rehoboth.