Property
Beds
9
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
7,030
Turnkey 9-unit multifamily investment in Dover, surrounded by historic character and ongoing area revitalization. Stabilized asset producing approximately $11,700 per month (4-1-26) in rental income, plus additional income from on-site central washer and dryer facilities. Tenants pay their own gas heat and electric. Owner pays water, sewer, trash, and central hot water. Property has seen numerous recent improvements including updated windows, interior upgrades, select new kitchens, and recently installed flooring in most units. Hallways have been refreshed with new flooring and paint. Capital improvements include a new fire escape and some newer heating systems. Strong in-place income with additional ancillary revenue and continued upside through future unit improvements and long-term rental demand in the Dover market. Ideal for investors seeking a stabilized asset with proven cash flow.
Features & Amenities
Interior
-
Total Bedrooms
9
-
Bathrooms
N/A
-
Above Grade Finished Area
7030.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
On Street, Private, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Back Yard
-
Lot Size(acres)
0.17
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Victorian
Price
-
Sales Price
$1,200,000
-
Tax Amount
$4,757
-
Sq. Footage
7, 030
-
Price/SqFt
$170
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Tax Lot
2300-000
-
Water Source
Public
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Location
County
KENT
Elementary School
Middle School
High School
Listing Courtesy of Steven B. Schmidt , RE/MAX Horizons
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