145 Locust Street

145 Locust Street

Dover, NH 03820

$633,000
Price
6
Beds
2
Baths
2,192 Sq. Ft.
$289 / Sq. Ft.
2,192
Sq. Ft.
$289
per Sq. Ft.

Under Contract

Under Contract

Description

Investors take note! You need to add this maintenance-free two-unit property to your long-term portfolio. With a 5.24% Cap rate, it is a wise investment. Very Well Kept Corner Lot Multi with nothing left to do but collect your rents from long-term tenants. Both units are spacious with 3BR/1BA and while the character has been maintained, each has been renovated and maintained. Separate utilities. Both units have access to the basement where they share a washer & dryer for convenience. Unit 1 has hardwood...Investors take note! You need to add this maintenance-free two-unit property to your long-term portfolio. With a 5.24% Cap rate, it is a wise investment. Very Well Kept Corner Lot Multi with nothing left to do but collect your rents from long-term tenants. Both units are spacious with 3BR/1BA and while the character has been maintained, each has been renovated and maintained. Separate utilities. Both units have access to the basement where they share a washer & dryer for convenience. Unit 1 has hardwood flooring and tile throughout and Unit 2 has newly refinished hardwood flooring. There is a nice fenced in yard with a large covered porch for relaxing and rear patio. Improvement History: Exterior Vinyl siding, 2 new high efficiency heating systems, 2 on-demand hot water heaters, 2 electrical panels, old steam radiators were all removed and forced HW baseboards installed, new shower/tub installed in Unit 1, both sets of exterior stairs were rebuilt, all smoke detectors replaced in Unit 1, Roof was replaced 11 years ago with METAL, Shingles, & Rubber Membrane, all windows are replacement, and the 6+ car parking was repaved within the last 4 years. Get a start into property investment--LIVE IN ONE UNIT and RENT THE OTHER! Perfect way to wean into home ownership. The property is outlined by beautiful brick paver sidewalks. Walkable to Downtown Dover. Easy access to NH-16. Easy commute to Portsmouth, Maine & Boston. Come see for yourself! 24-hour notice for showings please.
  1. Listed by MaryJane Watterson • EXP Realty • Cell: 603-289-0340

Property Details for 145 Locust Street

Parking
Driveway, Off Street, On-Site, Parking Spaces 1 - 10, Parking Spaces 6+, Paved, Unassigned
Water View
No
Waterfront Property
No
Zoning
HR

Location

Listing Courtesy of EXP Realty
Add your commute
LISTING UPDATED: 04/29/2024 05:12 PM

Property Details for 145 Locust Street

StatusUnder Contract
MLS #4992229
Days on Market7
Taxes$8,323 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1880
Lot Size0.16 AC / 6,969 SF
CountyStrafford County

Location

Listing Courtesy of EXP Realty
Add your commute

Building Information for 145 Locust Street

Stories2Residences2Year Built1880Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$4,148 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,455

Property Taxes

$694

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 145 Locust Street

Summary
Location and General Information
  • City: Dover
  • County: NH-Strafford
  • Directions: NH Rte 16 North to Exit 7 (NH-108 S./Central St/Dover). Left onto NH-108 and immediate right onto Locust St. Half mile to 145 Locust St on left--Corner Locust and Summer. Park in front on Locust or on Summer. Unit 1 is downstairs/Unit 2 is upstairs.
  • Latitude: 43.189536000000999
  • Longitude: -70.875994000000006
  • Road Frontage: TBD
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 12
  • Zip Code: 03820
Taxes and HOA Information
  • Tax - Gross Amount: $8,323.37
  • Tax Year: 2024
  • Taxes TBD: No
School Information
  • School - High: Dover High School
  • School - District: Dover School District SAU #11
  • School - Elementary: Woodman Park Elementary School
  • School - Middle/Jr: Dover Middle School
Parking
  • Garage: No
  • Driveway: Common/Shared, Paved
Property
Lot Information
  • Block: 46
  • Lot: 0
  • Lot - Sqft: 6970.0
  • Lot Features: Corner, Curbing, Landscaped, Level, Sidewalks, Street Lights
  • Lot Size Acres: 0.16
  • Square Feet Apx Finished Above Grade: 2192.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 2852.0
  • Square Feet Apx Total Finished: 2192.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 660.0
  • Square Feet Apx Unfinished BG Source: Public Records
  • Water Body Access: No
Property and Assessments
  • Current Use: No
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: No
  • Foundation: Concrete, Fieldstone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1880
Utilities
  • Electric Company: EverSource
  • Cable Company: XFinity
  • Fuel Company: Unitil
  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Gas - On-Site
  • Total Gas Meters: 2
  • Total Electric Meters: 3
  • Separate Utilities: Yes
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Color: Beige
  • Construction Materials: Wood Frame, Vinyl Siding
  • Features - Exterior: Natural Shade, Porch - Covered, Windows - Storm
  • Roads: Paved, Public
  • Roof: Membrane, Metal, Shingle - Architectural
  • Total Ranges: 2
Interior Features
  • Appliances: Water Heater – On Demand, Water Heater – Separate, Water Heater–Natural Gas
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Frost Wall, Full, Stairs - Exterior, Stairs - Interior, Unfinished, Walkout, Interior Access, Stairs - Basement
  • Total Full Baths: 2
  • Flooring: Hardwood, Tile
  • Heat Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Cooling: None
  • Total Refrigerators: 2
  • Total Rooms Above Ground: 10
  • Total Stories: 2.5
  • Total Water Heaters: 2
  • Trash: Municipal, Tenant
Multi Family
Income & Expenses Information
  • Gross Income: $51,840.00
  • Net Income: $33,166.00
  • Operating Expense Incl: Insurance, Maintenance, Water/Sewer
  • Operating Expense: $18,674
Multi-Family Information
  • Total Units: 2
  • Total 1 BR Units: 0
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 2
  • Total Heat Units: 2
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Apx Sqft: 1096.0
  • Unit 1 Rooms: 5
  • Unit 1 Rental Amount: $2,190.00
  • Unit 1 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Trash, TV Service
  • Unit 1 Info: Appliances Included, Dryer, Electric, Heat - Natural Gas, Hot Water, Laundry Hookup, Mudroom, Porch, Range - Electric, Refrigerator, Smoke Detector, Washer, Water Heater
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 5
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 2 and 2.5
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Apx Sqft: 1096.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Rental Amount: $2,130.00
  • Unit 2 Info: Appliances Included, Den, Heat - Natural Gas, Hot Water, Mudroom, Range - Electric, Refrigerator, Separate, Smoke Detector
  • Unit 2 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Trash, TV Service
Rental
Rent Information
  • Total Leases: 2

Property History for 145 Locust 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 145 Locust Street

Taxable ValueLand$142,000Additions$303,100Total$445,100
Tax Record2023$8,323 ($694 / month)
Home Facts
Baths2Total Finished SqFt2,192 SqFtAbove Grade Finished SqFt2,192 SqFtStories2Lot Size6,970 SqFtStyleDuplexYear Built1880ZoningHRCountySTRAFFORDAPNDOVR M:12046 B: L:

Schools near 145 Locust Street

This home is within Dover School District.
Rating
School
Type
Grades
Distance
Woodman Park School
Public - PK to 4
Dover Middle School
Public - 5 to 8
Dover Senior High School
Public - 9 to 12
My School
Private - PK to 2
Rating
School
Distance
Woodman Park School
PublicPK to 4

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty

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 05/04/2024 12:22 AM