NOT LISTED FOR SALE

540 Central Ave Dover, NH 03820

8 Beds
6 Baths
4,251 Sq Ft
5,227 Sq Ft Lot

Last Sold January 27, 2022

Last sale price $800,000 $188 Per Sq Ft

22 Days on Market

About This Home

As of January 2022

This is the sale of two buildings to be conveyed together. The annual gross income of both properties combined is $89,880. All expenses listed include both properties. The NOI is $61,544 which makes this a 7.2% Cap Rate. Combined there are 6 units. In 540/542 Central Ave you have two ground floor commercial spaces that are currently rented month-to-month. Above those spaces are two apartments that are under annual leases. Immediately next to it is #4 Sixth Street. This building has 2 total units. One of them is one the ground floor and has two bedrooms. The top unit is a two-story, 4-bedroom apartment rented to 3 tenants. The two properties share a coin-op laundry machine in the back of 540 Central Ave. All residential units are under annual leases. The sale will include and maintain two separate deeds. There will be an Open House on Friday 10/22 from 11:00-1:30pm. Please park adjacent to the property on Sixth St. Please do not enter the businesses without an appointment.

Last Agent to Sell the Property

Andrew Samonas

Samonas Realty, LLC License #072860 Listed on: 10/20/2021

Last Buyer's Agent

Andrew Samonas

Samonas Realty, LLC License #072860 Listed on: 10/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,436

Year Built

  • Built in 1910

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Converted Dwelling
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property

Basement

  • Interior and Exterior Basement Entry
  • Dirt Floor

Parking

  • Shared Driveway
  • Paved Parking

Utilities

  • Floor Furnace
  • Heating System Uses Oil
  • 200+ Amp Service
  • Gas Available at Street
  • Water Heater

Listing and Financial Details

  • Exclusions: Tenant belongings and commercial fixtures
  • Tax Block 12

Community Details

Overview

  • 6 Units

Building Details

  • 5 Separate Gas Meters
  • Operating Expense $28,336
  • Gross Income $89,880
  • Net Operating Income $61,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,436

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Conversion, Multi-Family
  • Construction: Existing
  • Items Excluded: Tenant belongings and commercial fixtures
  • Total Stories: 2
  • Price Per Sq Ft: 188.19
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5401
  • Sq Ft - Apx Total Finished: 4251
  • Year Built: 1910
  • List Agent: 281875
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Dirt Floor, Exterior Access
  • Sq Ft - Apx Finished AG: 4251
  • Sq Ft - Apx Unfinished AG: 250
  • Sq Ft - Apx Unfinished BG: 900

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete, Fieldstone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic
  • Heating Fuel: Electric, Oil
  • Heating: Floor Furnace
  • Separate Utilities: Varies
  • Total Electric Meters: 7
  • Total Gas Meters: 5
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 4
  • Total Water Heaters: 2
  • Utilities: Gas - At Street

Lot Info

  • Map: 5
  • Lot: 00
  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot, Corner, Curbing, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: CBD-G
  • Deed Book: 4407
  • Deed Page: 766
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 89880
  • Net Income: 61544
  • Total Full Baths: 6
  • Total Units: 6
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 13436
  • Tax Year: 2020

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
01/27/2022 01/27/22 Sold $800,000 -5.9% $188 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $850,000 +193.1% $200 / Sq Ft
08/17/2016 08/17/16 Sold $290,000 -27.5% $45 / Sq Ft View Prior Sale
06/13/2016 06/13/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $400,000 -- $62 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Samonas

    Seller's Agent in 2022

    Andrew Samonas

    Samonas Realty, LLC

    (603) 988-7824

    9 in this area

    116 Total Sales

    Andrew Samonas
    Section Image

  • J

    Seller's Agent in 2016

    Joseph Nelson

    Bean Group / Portsmouth

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4887677

PrimeMLS
New Hampshire Strafford County Dover 03820

540 Central Ave, Dover, NH

Not Listed for Sale

MultiFamily

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