Unique investment opportunity located in the heart of Downtown Dover. This 18 unit rental property has 14 2-Bedroom/1 bath units and 4 1-Bedroom/1 bath units along with a common use building. All units are parceled together and zoned Commercial/RG1 on a .63ac lot right in the middle of downtown revitalization projects. All units are metered separately and have their own entrances. 130 S. New St. has 2 apartments. 132 S. New St. is a 10 unit apartment building with courtyard. 134 S. New St. is the office/laundry/storage building. 137 S. Queen has 4 apartments. Cottage to 137 S. Queen has 2 apartments as well. Whether you are looking to expand your rental portfolio or if you have a better idea in mind for this prime location, now is your time to act!!! Property is located within walking distance to public transportation, restaurants, library, medical services, worship centers, historical sites as well as the Capitol Green & Legislative Buildings. New construction homes and commercial buildings occurring on the same city block now as well. To review the city revitalization master plan and last meeting minutes, go to the Downtown Dover website and click on the link. Sale subject to regulatory approval. Housing restrictions may be lifted with approval. Financials available upon request. All units are vacant as of 3/31/23.
Listing courtesy of Patterson-schwartz Real Estate.
Combination, stick Built, other
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