1,299,000

Rare in Dover: 7.6% CAP at current rental rates. Potential for even more with increases in rents. Fully occupied with strong positive cash flow. 6 unit multifamily with consistent rental history on lovely Cushing St within walking distance to downtown. Many capital improvements and updates have been done to the building by caring landlords including costly gas boiler and roof. A third of the windows have been replaced, exhaust fans installed in all bathrooms, new coin op washers and dryers in basement, common areas have been refurbished, many areas have been repainted. Units have been improved at tenant turnover, including updating of some bathrooms, and flooring, and fresh paint. Basement has been equipped with 3 locked storage units, currently 1 is leased so potential for even more income with the 2 available. This property presents an excellent opportunity to build your empire in Dover!