$850,000
66 Grove ST Dover, NH 03820
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Tyler D Allen • New Space Real Estate, LLC
$850,000
Est. payment /mo
8 Beds
4 Baths
3,451 SqFt
UPDATED:
10/03/2024 04:58 PM
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,451 sqft
Price per Sqft $246
MLS Listing ID 5015929
Bedrooms 8
Full Baths 4
Construction Status Existing
Year Built 1890
Annual Tax Amount $11,005
Tax Year 2023
Lot Size 10,018 Sqft
Acres 0.23
Property Description
Prime Investment Opportunity in Downtown Dover ? 4-Unit Building with a 7.63% CAP Rate! Welcome to 66 Grove Street, a well-maintained 4-unit multi-family property offering an attractive 7.63% CAP rate in the heart of Dover, NH. This property provides a solid income stream and is a perfect addition to any investment portfolio. All units feature in-unit laundry for tenant convenience, making this property highly appealing in the rental market. With the landlord responsible for water & sewer and common area electric, tenant-paid utilities help keep operating costs low. Two of the units are occupied by tenants with housing assistance vouchers, ensuring reliable, consistent monthly income directly from their respective housing authorities. Key Features: - Four units with in-unit laundry & tenant paid utilities; - Two tenants on housing assistance, providing steady subsidized rent; - Landlord covers only water & sewer, and common electric utilities; - Ample off-street parking for tenants; - Strong rental history with potential for rent increases; - Located minutes from downtown Dover and local amenities; - Easy access to Route 16 for commuters; This property offers an excellent balance of convenience, low-maintenance management, and financial stability. Don?t miss this chance to own a solid investment with dependable cash flow and long-term appreciation potential! Showings begin at OPEN HOUSE 9/29/24 from 12:00 - 2:00. Agent interest.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning RM-U
Rooms
Basement Entrance Interior
Basement Bulkhead, Concrete Floor
Interior
Heating Gas - Natural
Cooling None
Flooring Hardwood, Vinyl
Exterior
Utilities Available Cable
Roof Type Shingle - Architectural
Building
Story 3
Foundation Block, Brick, Poured Concrete
Sewer Public
Construction Status Existing
Schools
Elementary Schools Horne Street School
Middle Schools Dover Middle School
High Schools Dover High School
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