Listing courtesy of Tyler Allen, New Space Real Estate, LLC Phone: 603-242-1498
66 Grove Street, Dover, NH, 03820
8 beds
1890
Colonial
3,451 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
RM-U
Frontage:
102
Heating:
Baseboard, Hot Water
Cooling:
None
Basement:
Bulkhead, Concrete Floor
Acreage:
0.23
Est. Taxes:
$11,005
Lot Description:
City Lot,Level
Elementary School:
Horne Street School
Middle School:
Dover Middle School
High School:
Dover High School
MLS #:
5015929