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Prime Investment Opportunity " An exceptional investment opportunity awaits with two well-maintained properties in the heart of Dover's redevelopment zone. These properties offer strong rental income, future appreciation potential, and flexible usage options under C-1 zoning. Property Details: 203 E Blackwell Street " 3-Family Home Strong rental income " Unit 1: Vacant for sale (potential $1,800+ rent) Unit 2: $1,800/mo. Unit 3: $2,000/mo. Spacious 200' deep lot " offering potential for expansion or redevelopment. Well-maintained " newer roof, utilities, and windows. 207 " Single-Family Home - Currently rented for $3,200/month " immediate cash flow. Newer roof, windows, and utilities Fenced-in rear lot with permitted outdoor storage and a 2-car detached garage Investment Highlights: Buy together or separately " flexible purchase options Off-street parking & separate utilities " reducing operational costs Zoned C-1 " allowing for redevelopment, mixed-use, or continued rental growth. Major urban development underway across the street " ensuring future appreciation. Upscale rent escalation potential " maximizing long-term ROI. Why Invest Here? Immediate cash flow with existing rentals. Future development potential in a prime growth area. Stable, well-maintained assets for a secure investment. Don't miss this rare opportunity to discuss purchase options and investment strategies!
| DAYS ON MARKET | 1 | LAST UPDATED | 3/19/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Dover |
| COUNTY | Morris | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Dover |
| BASEMENT | Crawl Space, Full, Yes |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | Baseboard, Electric, Heat Pump, Natural Gas, Zoned |
| LOT | 10019 sq ft |
| LOT DESCRIPTION | Level, Open Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 17500 |
| UTILITIES | Cable Available, Natural Gas Available |
| WATER | Public |
| ZONING | C-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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