Listed by Coastal Land & Commercial Group
$565,000
39 New York St, Dover
Details
APN 4-60-0-0
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 2,868
Net Rentable (SqFt) 2,868
Units 2
Cap Rate 4.04%
NOI $27,238
Occupancy 100%
Price per SqFt $216
Year Built 1840
Buildings 1
Stories 2
Acreage 0.217
Zoning RM-U
Fully leased Duplex near historic Downtown Dover
Marketing description
Introducing a prime investment opportunity in the highly sought-after Seacoast NH area: a meticulously-maintained multifamily property at 39 New York St, Dover. This historic 2,868 SF building, constructed in 1840, comprises 2 fully-leased units, ensuring a steady income stream for investors. Boasting an ideal location and 100% occupancy, this property presents a compelling proposition for savvy investors seeking a lowrise/garden development in the RM-U zone. With its great condition and desirable address, this property offers both immediate returns and long-term potential, making it a standout choice for multifamily investors looking to capitalize on the flourishing Seacoast NH market.
Investment highlights
- 2 Very large 3 bedroom units
- Plenty of on site parking
- Nestled between Central Ave and Broadway
Listing Contacts
Listed by Coastal Land & Commercial Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,238.00
$2,269.83/mo
Valuation Metrics
0
DSCR
4.82%
Cap Rate
4.82%
ROI
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