66 Grove Street Dover, NH SOLD

$800,000
Beds 8
Square Footage 3,451
Acres 0.23
Photo of 66 Grove Street Dover NH 03820

Sold By

Ryan Cohen, New Space Real Estate, LLC



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.


Listed by New Space Real Estate, LLC, Tyler Allen
Sold by New Space Real Estate, LLC, Ryan Cohen

Details

MLS 5015929
Price $800,000
Status Closed
DOM 72 days
Type Multi-Family
Style Colonial
Beds 8
Square Feet 3,451 sqft
Lot Size 0.23 acres
Year Built 1890

Lot & Building Features

Utilities Cable
Construction Vinyl Siding, Wood Siding, Wood Frame
Cooling None
Heating Baseboard, Natural Gas, Hot Water
Sewer Public
Tax Year 2023
Water Public
Basement Description Bulkhead, Concrete Floor
Foundation Block, Poured Concrete, Brick
Lot Description City Lot, Level
Roof Shingle - Architectural
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1750.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Hot Water, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Month to Month
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1400.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Hot Water, Heat
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Lease Term Annual
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 2500.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, Hot Water, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 3
Unit 4 Lease Term Annual
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 550.00
Unit 4 Rental Amt Freq Weekly
Unit 4 Status Leased
Unit 4 Tenant Pays Electric, Hot Water, Heat

Schools

Elementary School Horne Street School
Junior High School Dover Middle School
Senior High School Dover High School

Multi-Family Home for Sale: 66 Grove Street, Dover, NH 03820 SOLD

Map

Get Directions

Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


Browse By Area