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Ideal Investment Property in the Ocean Block!

4,000,000

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.

Property type: 
Residential
Status: 
New
MLS: 
DESU2002070
.09
3000
5
7
2020
$4651
Cable, Eat-in Kitchen
Central Air
Dishwasher, Disposal, Dryer, Electric Stove, Elevator, Microwave, Refrigerator, Washer
Electric
Forced, Heat Pump, Multi-Zones
Ocean Front
Under Cover
Public
Public Sewer, Public Water
Public Water on Site
Electric

(302) 226-6417

Location:
1 Olive Avenue
Rehoboth Beach, DE 19971
United States