Property
Beds
6
Full Baths
3
1/2 Baths
1
Year Built
1910
Sq.Footage
3,180
Welcome to this beautifully renovated 2-family home in the heart of Dover, NJ, a rare find for the savvy investor or owner-occupant looking to offset their mortgage and build long term wealth. With market rents at $3,800/month per unit, this property delivers an impressive 10% cap rate. Live in one unit and let your tenant cover the bulk of your mortgage, dramatically reducing your cost of living while your investment appreciates. The owner-occupied unit was taken down to the studs with new insulation, sheetrock, plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures throughout. Soaring 9-foot ceilings, two beautifully renovated bathrooms, and a finished attic serving as a 4th bedroom and recreation room add serious square footage and flexibility for any lifestyle. The second unit mirrors the first, featuring luxury vinyl plank floors, 9-foot ceilings, fresh paint, and updated finishes throughout, move-in ready and highly rentable from day one. Both units have fully separate utilities and mechanicals, keeping operating costs cleanly divided between tenants. Steps from Dover's vibrant downtown, shops, restaurants, major highways, and the NJ Transit direct train to NYC, this is an easy sell to commuter tenants and a lifestyle win for owner-occupants. Classic Victorian charm, bay windows, covered porches, and a detached 2-car garage complete this exceptional package. Properties at this cap rate don't last.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
3
-
1/2 Bathrooms
1
-
Basement YN
YES
-
Heating YN
YES
-
Heating
Baseboard, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Vinyl Siding
-
Parking
Detached
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.12
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Duplex-Side by Side
Price
-
Sales Price
$749,900
-
Tax Amount
$10,312
-
Sq. Footage
3,180
-
Price/SqFt
$235
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
N/A
-
Middle School
Dover M.S.
-
High School
Dover H.S.
Property Features
-
Sewer
Public Sewer
-
Tax Lot
*
-
Water Source
Public
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Location
County
Morris
Elementary School
Middle School
Dover M.S.
High School
Dover H.S.
Listing Courtesy of None , X REALTY CORP.
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FOUNDER
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