NOT LISTED FOR SALE

35 Lexington St Dover, NH 03820

12 Beds
6 Baths
6,628 Sq Ft
0.52 Acres

Last Sold December 19, 2019

Last sale price $635,000 $96 Per Sq Ft

6 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Partially Fenced Property
  • Wood Flooring
  • Heating System Uses Steam
  • Level Lot

About This Home

As of December 2019

Showings begin Saturday, 11/2! Great multi-family investment opportunity in highly desirable Dover, NH. This beautiful 5-unit building boasts well cared for units, steady tenants, and a 10%+ cap rate! Located in sought after and ever-growing Dover, this property is an easy walk to town to enjoy all the restaurants, entertainment, public transportation, shopping, & parks that Dover has to offer - great appeal for tenants. This property consists of (2) 1-bedroom units, (3) 3+ bedroom units. All units are currently rented out and ready for you to cash flow immediately! Updates vary throughout the units and include new bathrooms, updated kitchen cabinets and countertops, new vinyl flooring, and fresh paint. Features include: common coin operated laundry, solar panels to lessen the common load, sufficient off street parking for all units, large back yard for tenants enjoyment, energy efficient updates, re-built chimney, 100 amp circuit breakers for each unit, and vinyl siding. Unit 1 is located on the first floor, has its own laundry hook-ups, 3 beds/2 full baths, and a private entrance off the deck. Units 2 and 3 are on the 2nd floor, each have 1 bed/1 bath with large living rooms and lots or natural light. Unit 4 is located on the 3rd floor with 3 bedrooms/1 bath, updated kitchen, bathroom, flooring, and skylights providing natural light. Unit 5 is located in the basement with 3-4 beds/1.5 baths, new vinyl flooring, new bathrooms, new ejector pumps, and electric baseboard heat.

Last Agent to Sell the Property

Nikki Douglass

KW Coastal and Lakes & Mountains Realty License #059216 Listed on: 10/30/2019

KW Coastal and Lakes & Mountains Realty

Last Buyer's Agent

Nikki Douglass

KW Coastal and Lakes & Mountains Realty License #059216 Listed on: 10/30/2019

KW Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,746

Year Built

  • Built in 1930

Lot Details

  • 0.52 Acre Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 4-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Connecting Stairway
  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Natural lighting in basement

Parking

  • 510 Car Parking Spaces
  • Paved Parking

Outdoor Features

  • Deck

Schools

  • Woodman Park Elementary School
  • Dover Middle School
  • Dover High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 170
  • 25% Total Tax Rate

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $24,767
  • Net Operating Income $53,846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,746

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Rt. 16N, take exit 8E. Take the first exit at the traffic circle onto Silver St. Turn left onto Lexington St, house will be on the left.
  • Footprint: 30x40 + 18x22
  • Assessment Amount: 391100
  • Assessment Year: 2019
  • Construction: Existing
  • Total Stories: 4+
  • Price Per Sq Ft: 116.99
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6628
  • Sq Ft - Apx Total Finished: 6628
  • Year Built: 1930
  • Remarks Public: Showings begin Saturday, 11/2! Great multi-family investment opportunity in highly desirable Dover, NH. This beautiful 5-unit building boasts well cared for units, steady tenants, and a 10%+ cap rate! Located in sought after and ever-growing Dover, this property is an easy walk to town to enjoy all the restaurants, entertainment, public transportation, shopping, & parks that Dover has to offer - great appeal for tenants. This property consists of (2) 1-bedroom units, (3) 3+ bedroom units. All units are currently rented out and ready for you to cash flow immediately! Updates vary throughout the units and include new bathrooms, updated kitchen cabinets and countertops, new vinyl flooring, and fresh paint. Features include: common coin operated laundry, solar panels to lessen the common load, sufficient off street parking for all units, large back yard for tenants enjoyment, energy efficient updates, re-built chimney, 100 amp circuit breakers for each unit, and vinyl siding. Unit 1 is located on the first floor, has its own laundry hook-ups, 3 beds/2 full baths, and a private entrance off the deck. Units 2 and 3 are on the 2nd floor, each have 1 bed/1 bath with large living rooms and lots or natural light. Unit 4 is located on the 3rd floor with 3 bedrooms/1 bath, updated kitchen, bathroom, flooring, and skylights providing natural light. Unit 5 is located in the basement with 3-4 beds/1.5 baths, new vinyl flooring, new bathrooms, new ejector pumps, and electric baseboard heat.
  • List Agent: 16589
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Apartments, Daylight, Finished, Full, Stairs - Interior, Exterior Access
  • Sq Ft - Apx Finished AG: 5428
  • Sq Ft - Apx Finished BG: 1200

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Brick
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Deck, Fence - Partial

Garage/Parking

  • Parking: Parking Spaces 5 - 10, Paved

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Fuel Company: Unitil
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Tank
  • Heating Fuel: Electric, Gas - Natural
  • Heating: Baseboard, Radiator, Steam
  • Electric Company: Eversource
  • Total Electric Meters: 6
  • Total Heat Units: 1
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 3

Schools

  • School District: Dover School District SAU #11
  • Elementary School: Woodman Park Elementary School
  • Middle School: Dover Middle School
  • High School: Dover High School
  • Elementary School: Woodman Park Elementary School
  • High School: Dover High School

Lot Info

  • Map: 10
  • Lot: 170
  • Lot Sq Ft: 22651
  • Lot Acres: 0.52
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: HR
  • Deed Book: 4344
  • Deed Page: 0477
  • Deed Recorded Type: Warranty

Tax Info

  • Tax Rate: 24.92
  • Tax Gross Amount: 9746.21
  • Tax Year: 2019

Multi Family

  • Net Income: 53846
  • Total Full Baths: 6
  • Total Units: 5
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 3

MLS Schools

  • School District: Dover School District SAU #11
  • School Middle Jr: Dover Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2019 12/19/19 Sold $635,000 +7.8% $96 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $589,000 +40.2% $89 / Sq Ft
12/09/2015 12/09/15 Sold $420,000 -3.4% $91 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
09/24/2015 09/24/15 For Sale $435,000 -- $94 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4783621

PrimeMLS