Property Details
Basic Information
- MLS Number: 4858637
- List Price: $537,000
- Lot Description: City Lot
- Date Listed: 05/03/2021
- Virtual Tour: Virtual Tour
- Units: 4
- Description: Potential, Potential, Potential! Investors take notice. The third floor within the two center units are being underutilized and there is a lot of room to increase the earning potential. The roof is about five years old and the siding work has been started for you. There are some long term tenants that have been in the building for 10+ years and two of the units have been updated. The current rents are well under market and the current cap rate is at 5.9%. And, the project cap rate could be approximately 10.2% at fair market rents. This property will be a great addition to any investors portfolio. Whether you are just starting out or you are adding a great asset to your portfolio, this property should be analyzed immediately. Only an eight minute walk from downtown and it's only close to commuter roads.
Building
- Acreage: 0.1
- Square Feet: 4,192
- Year Built: 1900
- Zoning: RM-U
- Roof: Architectural Shingle
- Building Construction: Wood Frame, Aluminum Siding, Vinyl Siding
- Foundation: Axle, Brick, Stone
Location
- County: Strafford
- Town: Dover
Finance
- Taxes: $11,023
Interior Features
Bathrooms
- Bathrooms: 4
Basement
- Basement: Bulkhead, Dirt Floor, Interior Stairs, Unfinished
Exterior Features
Exterior Features
- Exterior Color: Tan
Utilities and Appliances
Utilities and Appliances
- Utilities: Cable Available, Gas at Street
Community
Schools
- High School: Dover High School
Amenities
- Other Amenities: Basement
Other Details
Water
- Water: Public