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Listed by Darlene Colwell-Ellis and Chris Bannon of Keller Williams Coastal Realty/Dover
A Gem for the Experienced Investor! There's great value to be had here for the buyer who knows their way around older New England homes, and a chance to get into one of the HOTTEST rental markets in Southern NH. This historic duplex is located just minutes from the heart of downtown Dover NH, with its booming restaurant, business, and entertainment scene. Among young professionals in the Seacoast area, the "secret" is out: Portsmouth is for tourists and the independently wealthy. Dover is a place where real people can (and actually do) live, work and play! A thriving downtown, unparalleled recreational resources, and proximity to UNH keep this market hopping. As a buyer/investor, you could choose to keep the current tenants and the well-established existing income stream while maintaining and doing any necessary upgrades to the property, or give these two units a thorough "refresh", anticipating the ability to claim a stronger cash flow once completed. Likewise, a buyer could choose to occupy one unit, while allowing the income from the other to pay the mortgage, plus. Altogether, however one may approach it, this is a very manageable investment property in an unquestionably strong market, just waiting for the next owner to fully capitalize on the opportunity!

Property Details of 20-22 New York Street

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 December 5, 2021.

 

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