203 E Blackwell St - Multi-Family FOR SALE


Dover, NJ 07801
$1,400,000 USD
973-818-7100
203 E Blackwell St, Dover, NJ for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/53
null | Request Cap Rate

203 E Blackwell St
Dover, NJ 07801


HIGHLIGHTS

  • Outdoor Storage in the Rear Yard, fenced in with Detached Garage.
  • Multi Family, Good Rent Roll, Re-Development Potential.
  • Some Leases Some Month to Month.

OVERVIEW

This property is a 3 Family Home and a Single Family Home, rental units, 1 empty, can be rented immediately if required. This is a great "Contractors Yard, outdoor storage, run you business and have an office in the 1 apartment or elsewhere. Currently used as a roofing company storage yard along with the residential rentals. Located around the redevelopment going on in Dover. This zone c-1 allows many uses including high rise apartments! Lots of upside potential on this one and good cash flow. Good rents. Unit 1 in 3 family is 2 Bedrooms, 2 Bathrooms, good size: $1,800 per month. Unit 2, currently vacant: $1800 a month easy. Can be used as business office in front of building. Unit 3 is a 2/3 bedroom, rented at $2000 per month. Single family home rented for $3200 per month. Rents are under market. Rear yard currently rented at $2000 per month.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

4

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

203 & 207 E Blackwell Street Dover, NJ

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-1

APN/PARCEL ID

09-01904-0000-00015

ASK ABOUT THIS PROPERTY

Dave Wainwright JrRE/MAX SelectMore Info
973-818-7100

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Dave Wainwright JrRE/MAX SelectMore Info
973-818-7100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.