Dover 4-Unit MF

Multi-Family for Sale
Catylist Listing ID: 30754101
Number of Units: 4 Units
Building Size (RSF): 4,416 SF
Gross Land Area: 0.22 Acres
Sale Price: $779,000
Unit Price: $194,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.48%
Average Occupancy Rate: 100
Last Updated: 9/17/2021

Overview / Comments

A prominent and strong asset for any investor, this 4-unit just outside downtown Dover has it all. With a gross income of $72,000- this property could be a staple to investors of all capacities. Updated and thoughtfully managed throughout the current owner's tenure, the improvements give new owners incredible stability and peace of mind. Owners have spent $125,000 renovating four of the units with new kitchen cabinets, granite countertops, new flooring and carpet, new bathroom with a new shower, vanity, and toilet in each. The entire exterior was also painted. Come see why Dover is becoming one of the best investments markets on the seacoast! Showings start immediately, although 24-hr notice is required.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $12,428 (Annual)
Gross Operating Income $72,000 (Annual)
Net Operating Income $51,172 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 31074-000000
Zoning: CBD
Percent Occupied: 100%
Highway Access: Rt.16
Site Description: Suburban setting with sidewalks
Area Description: Just outside downtown Dover
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 25
Year Built: 1900
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Exterior has a mix of siding materials
Parking Type: Structure, Surface
Parking Description: There are 4 garage spaces on site, 3 of which are leased on a month to month basis.
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Baseboard
Fuel: Gas, Oil
Internet Access: Cable
Interior Description: All interiors have been updated with new countertops, paint, and carpeting where applicable since current owner's purchase in 2017
Zoning Description: CBD
Lot Frontage: 60
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 32,037 67,189
Median Age: 33.21 36.52 35.3
Households: 4,746 13,585 25,093

Contact

Photograph of Listing Agent

Andrew Samonas

Samonas Realty NECPE Member
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