7 Olive Avenue, Rehoboth Beach, DE 19971

$2,274,900
5
BD
5
BA
2,958
SqFt
List Price
$2,274,900
Price Change
▼ $224,100 1566942893
Closing Date
Apr 06, 2021
Days on Market
648
Status
PENDING
MLS#
DESU140752
Bedrooms
5
Bathrooms
5
Full Baths
4
Half Baths
1
Living Area
2,958
Lot Size (Acres)
0.11
Style
Coastal
Year Built
1999
County
Sussex
School District
Cape Henlopen

Property Description

Your sand castle awaits in North Rehoboth. Looking for an oceanblock rental investment property, look no more. This single family home had rental income exceeding $100,000 in 2018. Owner has kept property in immaculate condition and the returning guests come again and again. This inverted floor plan offers four bedrooms and three baths on the first floor and a second floor with master bedroom and bath, dining area, open kitchen, family room and enclosed porch with ocean views. Being just steps to Rehoboth's boardwalk and beach is a tenant and owner must. North Rehoboth keeps you far enough away from the commercial area yet close enough to easily walk to all of Rehoboth's main attractions. Capitalize on today's low interest rates and this property's successful income stream. A winning combination! Global Luxury!

Additional Information

Area
Lewes Rehoboth Hundred (31009)
Subdivision
None Available
Taxes
$2400.36
Interior Features
Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Window Treatments
School District
Cape Henlopen
High School
Cape Henlopen
Fireplaces
1
Flooring
Carpet, Ceramic Tile
Exterior Features
BBQ Grill, Outside Shower, Lawn Sprinkler
View
Ocean
Heating
Central
Heating Fuel
None
Cooling
Central A/C
Roof
Architectural Shingle
Utilities
Cable TV, Multiple Phone Lines, Phone
Water
Public
Sewer
Public Septic

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Resort Realty - Rehoboth.