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REHOBOTH BEACH Maryland Real Estate Properties For Sale

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1 OLIVE AVENUE, REHOBOTH BEACH, Maryland
MLS #: DESU2002070
7 Bedrooms
5 Bathrooms
0 Half Bathroom
Dwelling Type:
Area: Lewes Rehoboth Hundred (31009)
Status:
Year Built: 1985

Price: $4,000,000

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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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Property Details

Address: 1 OLIVE AVENUE REHOBOTH BEACH ,
County:
MLS#: DESU2002070
MLS Area: Lewes Rehoboth Hundred (31009)
Property Sub-Type:
Waterfront: Ocean
Waterview: Ocean
Pool: No Pool
Garage Type/Spaces: / 0.00
Year Built: 1985
New Construction:
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List Date:
List Price: $4,000,000
List Price Sqft:
Dwelling Sq. Footage:
Lot SqFt:
Lot Acres: 0.09
Zoning Code:
Annual St/Cnty Tax: $366
Annual City Tax: $785
Annual Rental Fee:
Bedrooms: 7
Full Baths: 5
Half Baths: 0
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Annual Condo Fee: $0
Annual HOA Fee: $0
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Annual Sewer Fee: $0
Annual Trash Fee: $0
Annual Water Fee: $0
Building Name: NONE AVAILABLE
Fed Flood Ins Avail.:
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Mobile Home Info:
Ownership Type: ; Foreclosure/REO: ; Short Sale:
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Amenities

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Show Instructions:
LA:
LO: Jack Lingo - Rehoboth

Location Map

Map locations are approximate. Please contact one of our sales agents for additional location information.

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All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction.

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