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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