44 ORCHARD ST, Dover Town, NJ 07801-4510

$819,000
List Price
$819,000
MLS#
3688557
Dom
13
Year Built
1929
Status
ACTIVE
County
Morris
City
Dover Town
Acres
0.23

Property Description

Amazing opportunity for all investors or owner-operators! This beautifully detailed Victorian 2-family home with adjacent medical/dental office has a long rental history and provides a great net return. There are architectural plans on file to convert the walk-up attic into a 3rd apartment and the 400 SF basement space can also be converted into a separate office space. These improvements would greatly increase the net return and push this property into a CAP rate unseen in today's market. All units have separate utilities, and there is an private parking lot that can accommodate 7 vehicles. The medical office is currently configured for a dentistry practice and features a reception area, waiting room, kitchenette, 5 treatment rooms, 2 consultation offices and a laboratory. Each apartment is 2BD, 1 BA.

Additional Information

Taxes
$13,962
Cooling
Central Air
Exterior
Vinyl Siding
Garage Spaces
7
Roof
Asphalt Shingle
Water
Public Water
Basement
Yes
Lot Description
Corner, Level Lot

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Listing courtesy of C-21 CHRISTEL REALTY.