26-28 Lincoln Street

Dover, NH 03820

$955,500
Price
9
Beds
4
Baths
4,416 Sq. Ft.
$216 / Sq. Ft.
4,416
Sq. Ft.
$216
per Sq. Ft.

Description

Investors take notice. This well maintained Dover 4-unit Nets $74,828 a year with a cap rate of 7.8%. 4 fully occupied units, with modern appliances, granite countertops, dishwashers, and washer/drier. Tenants enjoy separately metered utilities, off st parking and walkability to town. Strong rental history with multi-year tenants all current on rent. Excellent opportunity to increase cashflow by +/- $20,000 without updates or repairs by raising rents, and filling currently vacant storage and garage...Investors take notice. This well maintained Dover 4-unit Nets $74,828 a year with a cap rate of 7.8%. 4 fully occupied units, with modern appliances, granite countertops, dishwashers, and washer/drier. Tenants enjoy separately metered utilities, off st parking and walkability to town. Strong rental history with multi-year tenants all current on rent. Excellent opportunity to increase cashflow by +/- $20,000 without updates or repairs by raising rents, and filling currently vacant storage and garage rentals on premise. 4 garage rentals, and 2 barn storage units on site. Extensive well documents capital improvements on major system's including roof, chimneys, & hot water heaters make this property an excellent end of the year purchase! See documents for further net operating income details. Private showings ready to be scheduled 12:30pm-2:30pm on Wednesday 12/11 and 11:30am-12:30pm on Friday 12/13. Call agent to make appointment.
  1. Listed by Talia Sperduto • Samonas Realty, LLC

Property Details for 26-28 Lincoln Street

Parking
Storage Above, Attached
Zoning
CBD-R
LISTING UPDATED: 12/16/2024 08:39 PM

Property Details for 26-28 Lincoln Street

StatusUnder Contract
MLS #5024143
Days on Market7
Taxes$13,743 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.22 AC / 9,583 SF
CountyStrafford County

Building Information for 26-28 Lincoln Street

Stories2Residences4Year Built1900Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 26-28 Lincoln Street

Summary
Location and General Information
  • City: Dover
  • County: NH-Strafford
  • Directions: GPS for Directions
  • Latitude: 43.200637999999984
  • Longitude: -70.878324728836063
  • Road Frontage: TBD
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 31
  • Zip Code: 03820
Taxes and HOA Information
  • Tax Year: 2023
  • Taxes TBD: No
School Information
  • School - High: Dover High School
  • School - District: Dover School District SAU #11
  • School - Elementary: Horne Street School
  • School - Middle/Jr: Dover Middle School
Parking
  • Garage: Yes
  • Garage Capacity: 4.00
  • Driveway: Paved
Property
Lot Information
  • Block: 0-0
  • Lot: 74
  • Lot - Sqft: 9583.0
  • Lot Features: Level
  • Lot Size Acres: 0.22
  • Square Feet Apx Finished Above Grade: 4416.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 4416.0
  • Square Feet Apx Total Finished: 4416.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 0.0
Property and Assessments
  • Assessment Amount: $828,100
  • Assessment Year: 2024
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - Available
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Asbestos Exterior
  • Roof: Shingle - Asphalt
  • Total Ranges: 4
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor
  • Total Full Baths: 4
  • Flooring: Carpet, Hardwood
  • Heating: Oil, Hot Water, Steam
  • Cooling: None
  • Total Refrigerators: 4
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $102,000.00
  • Net Income: $74,828.00
  • Operating Expense Incl: Insurance, Other, Water/Sewer
  • Operating Expense: $27,172
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 0
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 1
  • Total Heat Units: 4
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rooms: 4
  • Unit 1 Rental Amount: $2,225.00
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 5
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 3
  • Unit 2 Rental Amount: $2,350.00
  • Unit 2 Tenant Pays: Electric, Heat, Hot Water
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 4
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,700.00
  • Unit 3 Tenant Pays: Electric, Heat, Hot Water
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Rental Amt Freq: Annually
  • Unit 4 Rooms: 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $1,600.00
  • Unit 4 Tenant Pays: Electric, Heat, Hot Water
Rental
Rent Information
  • Total Leases: 4

Property History for 26-28 Lincoln Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 26-28 Lincoln Street

Taxable ValueLand$145,000Additions$589,900Total$734,900
Tax Record2023$13,743 ($1,145 / month)
Home Facts
Baths4Total Finished SqFt4,416 SqFtAbove Grade Finished SqFt4,416 SqFtStories2Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningCBD-RCountySTRAFFORDAPNDOVR M:31074 B: L:

Schools near 26-28 Lincoln Street

This home is within Dover School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 2
Rating
School
Distance
Dover Middle School
Public5 to 8

Dover Senior High School
Public9 to 12

My School
PrivatePK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Samonas Realty, LLC

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/26/2024 08:37 AM