699,000

House for sale Dover
Property photo number 1 of 16 Photos for Property. File  105911305_29_7e280b1417ca933c189d75ce42275c8b.jpeg

Overview

SUMMARY: Discover an opportunity with this Dover house for sale and available for 699,000. This could be your next ideal home or a smart investment. More details await.
Rare opportunity to own a well-maintained, income-producing legal two-family home generating over $5,500 per month in rental income with a strong 7%+ cap rate. One unit is recently renovated, with 3 porches around for extra spaces. Another units is in good condition with long term tenant in place and good rent rent income. This property is ideal for investors seeking immediate cash flow or owner-occupants utilizing FHA financing while offsetting housing costs with rental income.The home features separate utilities for each unit, including gas, electric, water, and sewer, allowing tenants to pay their own expenses. Additional highlights include a two-car garage, ample driveway parking, a full basement with laundry possible and storage areas, a spacious backyard, patio, and potential future development opportunities, including possible lot subdivision (buyer to perform due diligence).
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Details

  • Beds: 5
  • Baths: 2
  • Price: 699,000
  • Reference No.: 96611454

Location

Marketed by:

  • Xianghui Lotus Zhang
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