66 Grove Street Dover, NH SOLD
$800,000
Beds 8
Square Footage 3,451
Acres 0.23
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Sold By
Ryan Cohen, New Space Real Estate, LLCDescription
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
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
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