Listing courtesy of Anna Kelley, TEAM KELLEY REAL ESTATE 603-765-5712
53-55 Cataract Avenue, Dover, NH, 03820
7 rooms
3 beds
1 Full / 1 three-quarter baths
1984
Cape
1,696 sqft
BEING SOLD “AS IS.” Rare opportunity to own a legal duplex consisting of two separate but attached Cape-style single-family homes with excellent investment and redevelopment potential. #53 (Built 1984) 1696sf, 3 bedrooms, 2 full baths, FHW Natural Gas Boiler just fully serviced and cleaned. Full unfinished basement, Currently partially occupied (two tenants renting second-floor bedrooms), First floor is vacant. #55 (Built 1940) 572sf, 2 bedrooms, 1 full bath, New FHA Natural Gas Furnace, Full unfinished basement, Significant structural foundation damage, One tenant-occupied. A full home inspection has been completed and will be provided in full to serious buyers. IMPORTANT: Due to the compromised foundation of #55, this property is not financeable through conventional, FHA, VA, or USDA loans. Sale must be cash or rehab financing only. With its legal duplex status, the possibilities are extensive: Renovate #55 and maximize rental income - Remove and rebuild #55 - Replace #55 with a 2-car attached garage and apartment above - Convert back to a single-family home with or without garage expansion. Interior showings require 24-hour notice. Please note that interior access to #55 will be granted to serious, qualified buyers only. Photos of tenant-occupied areas are not publicly available. Located in a wonderful neighborhood close to the high school (only a half mile away), middle school, Route 16 (Spaulding Turnpike), and downtown, this property offers strong upside potential at an attractive price point. PLEASE NOTE: No offers will be accepted until Wednesday March 5th at 6pm, when seller will review any and all offers up to that date and time.
Status:
Pending
Type:
Single-family residential
Zoning:
R-12 Residential
Frontage:
190
Heating:
Baseboard, Hot Water
Cooling:
None
Basement:
Bulkhead, Concrete, Full, Sump Pump, Unfinished
Acreage:
0.44
Est. Taxes:
$11,387
Lot Description:
Trail/Near Trail,Walking Trails,Near Shopping,Near School(s)
Elementary School:
Garrison School
Middle School:
Dover Middle School
High School:
Dover High School
School District:
Dover
MLS #:
5077537