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.

Overview

Property Status

Sold

Date Sold

December 6, 2024

Lot Size

10,019 Sq.Ft.

MLS ID

5015929

Property Type

Multi-Family

Year Built

1890

Are you interested?

Schedule a Tour

Tyler Allen

(802) 376-6589 [email protected]

Features & Amenities

Total Area

5,070 Sq.Ft.

Neighborhood

Multi-Family & Investment Properties in Dover, NH

Roof

Architectural Shingle

Lot Features

City Lot, Level

Heat Type

Natural Gas, Baseboard, Hot Water

Air Conditioning

None

Sewer

Public

Elementary School

Horne Street School

Middle School

Dover Middle School

High School

Dover High School

Sales Price

$800,000

Real Estate Tax

$11,005/yr

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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Thank you

for your interest in 66 Grove Street, Dover, NH 03820

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