List Price: $695,000 | $318 per sq.ft. Multi Family
Price Change! Reduced by $30,000 down 4% on July 23rd 2024
A 3 Unit Multi Family Home
With 0 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units Listed Wednesday Jul 10, 2024 | MLS# 5004455


Location is paramount in the Garrison School District for this well-maintained multifamily residence in South Dover. Situated on 0.51 acres, this converted home offers three units with ample parking. Currently, two units feature two bedrooms and one bath each, already rented out. Each unit is equipped with separate electric meters and in-unit washer/dryer setups. Recently painted, both units have been well-maintained. The main house roof was replaced just three years ago, while the barn roof is entirely new. The third unit, approved by the city, is ready for completion within the spacious attached barn. This property offers versatility: finish the third unit for additional rental income or owner occupancy. Alternatively, when leases expire, easily convert the property back into a single-family home with minimal effort. Ideal for commuters, the location boasts easy access to Route 16 and Route 4, making it a perfect rental spot with great potential for investment. Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Water/Sewer
Annual Expenses

Taxes: $8,895
Income
Gross Income | $51,600
NetIncome | $32,665

UNIT 1

Beds: 2
Baths: 1
Rooms: 4
Rent : 2050.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2

Beds: 2
Baths: 1
Rooms: 4
Rent : 2200.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
Construction: Wood Frame | Wood Siding
Year Built: 1870
Style: Conversion | Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 3628
Above Grade Sq.Ft.: 2188
Basement: Bulkhead | Concrete Floor | Dirt Floor | Unfinished
Foundation size 50x24.
Foundation: Stone
Exterior Features:
Barn | Outbuilding | Shed
Exterior Color: White
Roof: Shingle
Garage And Parking: Off Street | Parking Spaces 1 - 10
Seasonal: No
Heating: Baseboard | Steam
Cooling: None
HeatFuel: Gas - LP/Bottle
Electric: Circuit Breaker(s)
Utilities: Cable - Available | Gas - LP/Bottle
Electric Meters: 3
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.51 acres
Zoned: R-12)
Surveyed: Unk
Flood Zone: Unknown
Roads: Public
Road Frontage: 90
Driveway: Gravel


Block - 023
Taxes $8,895
Assesed Value Not Reported
Schools
School District: Dover School District SAU #11
Elementary School: Garrison School

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