List Price: $850,000 | $246 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 2 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units
Under Contract Date Listed Wednesday Sep 25, 2024 | MLS# 5015929


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Address: 66 Grove Street Dover NH
Listed by Tyler Allen 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.
Annual Expenses

Taxes: $11,005
Income
Gross Income | $96,400
UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric,Heat,Hot Water
Rent : 1750.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Tenant Pays : Electric,Heat,Hot Water
Rent : 1400.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION
Beds: 3
Baths: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 2500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4 INFORMATION
Beds: 3
Baths: 1
Tenant Pays : Electric,Heat,Hot Water
Rent : 550.00 Weekly
Lease Term : Annual
Status : Leased
Construction: Wood Frame | Vinyl Siding | Wood Siding
Year Built: 1890
Style: Colonial
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5070
Above Grade Sq.Ft.: 3451
Basement: Bulkhead | Concrete Floor
Foundation: Block | Brick | Poured Concrete
Roof: Shingle - Architectural
Seasonal: No
Heating: Natural Gas | Baseboard | Hot Water
Cooling: None
Electric: Circuit Breaker(s)
Trash: Curbside
Utilities: Cable
Electric Meters: 5
Gas_Meters: 4
Water: Public
Sewer: Public
Land Information
City Lot | Level
Lot size: 0.23 acres
Zoned: RM-U)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 102
Driveway: Paved
Additional Information
Block - 0
Taxes $11,005
Assesed Value Not Reported
Schools
Elementary School: Horne Street School
Middle School: Dover Middle School
High School: Dover High School

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Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 21st, 2024

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