$1,395,000

House for sale Dover
Property photo number 1 of 16 Photos for Property. File  104410456_29_d22661391db34f0e317bda0bbd2c69f6.jpeg

Overview

SUMMARY: Discover an opportunity with this Dover house for sale and available for $1,395,000. This could be your next ideal home or a smart investment. More details await.
Fully occupied with strong positive cash flow. 6 unit multifamily with strong rental history on lovely Cushing St within walking distance to downtown. Many capital improvements and updates have been done to the building by caring landlords including costly gas boiler and roof.
A third of the windows have been replaced, exhaust fans installed in all bathrooms, new coin op washers and dryers in basement, common areas have been refurbished, many areas have been repainted. Units have been improved at tenant turnover, including updating of some bathrooms, and flooring, and fresh paint. All tenants are receiving a rent increase as part of June/July lease renewal and all tenants have been notified that increases are coming. Basement has been equipped with 3 locked storage units, currently 2 are leased. Potential gross income in July could jump to $128,500. This property presents an excellent opportunity to build your empire in Dover with a potential cap rate of 8%! Showings begin at Open House on Saturday May 9, 2026.
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Details

  • Beds: 12
  • Baths: 6
  • Price: $1,395,000
  • Reference No.: 94221998
  • Area: 5,496 sqft

Location

Marketed by:

  • Christy Hobin
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