Valerie Joyce
Listing courtesy of Anna Kelley, TEAM KELLEY REAL ESTATE 603-765-5712
53-55 Cataract Avenue, Dover, NH, 03820
10 rooms
5 beds
3 Full baths
1984
Cape, Duplex
2,268 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. Tenants to be vacated prior to closing.
Status:
Pending
Type:
Multi-family
Units:
2
Zoning:
R-12 Residential
Frontage:
190
Heating:
Natural Gas, Forced Air, Hot Water, Wood Stove
Cooling:
None
Basement:
Bulkhead, Concrete, Interior Stairs, Sump Pump, Unfinished
Acreage:
0.44
Est. Taxes:
$11,387
Lot Description:
Near Shopping,Neighborhood,Near Public Transportatn,Near School(s)
Elementary School:
Garrison School
Middle School:
Dover Middle School
High School:
Dover High School
School District:
Dover
MLS #:
5077817