16-18 Cushing Street Dover, NH
$1,299,000
Beds 12
Baths 6
Square Footage 5,496
Acres 0.11
Description
Rare in Dover: 7.6% CAP at current rental rates. Potential for even more with increases in rents. Fully occupied with strong positive cash flow. 6 unit multifamily with consistent rental history on lovely Cushing St within walking distance to downtown. Many capital improvements and updates have been done to the building by caring landlords including costly gas boiler and roof. A third of the windows have been replaced, exhaust fans installed in all bathrooms, new coin op washers and dryers in basement, common areas have been refurbished, many areas have been repainted. Units have been improved at tenant turnover, including updating of some bathrooms, and flooring, and fresh paint. Basement has been equipped with 3 locked storage units, currently 1 is leased so potential for even more income with the 2 available. This property presents an excellent opportunity to build your empire in Dover!
Listed by Coldwell Banker Hobin Realty LLC, Christy Hoffman 603-964-1800
Details
MLS 5086708
Price $1,299,000
Status Active
DOM 166 days
Type Multi-Family
Style New Englander, Multi-Family
Beds 12
Baths 6 full baths
Square Feet 5,496 sqft
Lot Size 0.11 acres
Year Built 1920
Taxes Paid $19,054
Lot & Building Features
Appliances Separate Water Heater, Electric Water Heater
Utilities Cable Available
Construction Wood Frame
Cooling None
Heating Steam, Natural Gas
Parking Description Parking Spaces 4, Off Street
Sewer Public
Tax Year 2025
Taxes Paid $19,054
Water Public
Basement Description Locked Storage, Daylight, Partially Finished, Full
Foundation Brick, Block, Stone, Concrete Slab
Lot Description City Lot, Corner, Level
Roof Rolled
Features Exterior Porch
Garage No
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Info Smoke Detector, Electric Range, Refrigerator
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 5
Unit 1 Status Leased
Unit 1 Tenant Pays Hot Water, Heat, Electric
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Smoke Detector, Electric Range, Refrigerator
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 5
Unit 2 Status Leased
Unit 2 Tenant Pays Hot Water, Heat, Electric
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Info Smoke Detector, Electric Range, Refrigerator
Unit 3 Lease Term Annual
Unit 3 Level Number 3
Unit 3 Rental Agreement Yes
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 5
Unit 3 Status Leased
Unit 3 Tenant Pays Hot Water, Heat, Electric
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Info Smoke Detector, Electric Range, Refrigerator
Unit 4 Lease Term Annual
Unit 4 Level Number 1
Unit 4 Rental Agreement Yes
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 5
Unit 4 Status Leased
Unit 4 Tenant Pays Hot Water, Heat, Electric
Unit 5 Baths 1
Unit 5 Bedrooms 2
Unit 5 Info Smoke Detector, Electric Range, Refrigerator
Unit 5 Lease Term Month to Month
Unit 5 Level Number 2
Unit 5 Rental Agreement Yes
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 5
Unit 5 Status Leased
Unit 5 Tenant Pays Hot Water, Heat, Electric
Unit 6 Baths 1
Unit 6 Bedrooms 2
Unit 6 Info Smoke Detector, Electric Range, Refrigerator
Unit 6 Lease Term Annual
Unit 6 Level Number 3
Unit 6 Rental Agreement Yes
Unit 6 Rental Amt Freq Monthly
Unit 6 Rooms 5
Unit 6 Status Leased
Unit 6 Tenant Pays Hot Water, Heat, Electric
Schools
Elementary School Woodman Park Elementary School
Junior High School Dover Middle School
Senior High School Dover High School
Multi-Family Home for Sale: 16-18 Cushing Street, Dover, NH 03820
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
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