Listed by Tyler Allen with New Space Real Estate, LLC 603-242-1498
Under contract
66 Grove Street
Dover NH, 03820
$850,000
$246.31 per sqft
Under contract
8 Beds
4 Baths
3,451 sqft
Multi-family
Built in 1890
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.
5015929
MLSⓇ ID
September 25, 2024
Listed
October 29, 2024
Updated
Map
66 Grove Street
Dover NH, 03820
Interior Features
Bedrooms
8
Total Bathrooms
4
Floor Description
Hardwood, Vinyl
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Hot Water, Gas - Natural
Exterior/Building Features
Lot Size
0.23 Acres
Roof
Shingle - Architectural
Sewer
Public
School Information
School District
Annual
High School
Dover High School
Elementary School
Horne Street School
Other Property Details
Area Name
NH-Strafford
Taxes
$11,005
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/3/2024 | Under contract | — |
Listed by Tyler Allen with New Space Real Estate, LLC 603-242-1498
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