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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$1,200,000
Days On Site
226 Days
Bedrooms
9
Inside Area (SqFt)
7,030 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.17 Acres
Year Built
1900
MLS® Number
DEKT2044590
Status
Active Under Contract
Property Tax
$4,757
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.