NJ
Morris
Dover Town
07801
82 Pequannock St
82 Pequannock St, Dover Town, NJ 07801
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Listing Type
Multi Family
Listing Status
Active
40
$750,000

Home Details for 82 Pequannock St

Price
$750,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Square feet
3180
Year built
1910
Lot size acres
0.12
County
Morris
Total rooms
15
Garage
2
Basement
Full, Walk-Out Access
Days on site
22
MLS Listing#
4026904
Property Description

Welcome to this beautifully renovated 2-family home in the heart of Dover, NJ, a rare find for the savvy investor or owner-occupant looking to offset their mortgage and build long term wealth. With market rents at $3,800/month per unit, this property delivers an impressive 10% cap rate. Live in one unit and let your tenant cover the bulk of your mortgage, dramatically reducing your cost of living while your investment appreciates. The owner-occupied unit was taken down to the studs with new insulation, sheetrock, plumbing, luxury vinyl plank flooring, recessed lighting, and new light fixtures throughout. Soaring 9-foot ceilings, two beautifully renovated bathrooms, and a finished attic serving as a 4th bedroom and recreation room add serious square footage and flexibility for any lifestyle. The second unit mirrors the first, featuring luxury vinyl plank floors, 9-foot ceilings, fresh paint, and updated finishes throughout, move-in ready and highly rentable from day one. Both units have fully separate utilities and mechanicals, keeping operating costs cleanly divided between tenants. Steps from Dover's vibrant downtown, shops, restaurants, major highways, and the NJ Transit direct train to NYC, this is an easy sell to commuter tenants and a lifestyle win for owner-occupants. Classic Victorian charm, bay windows, covered porches, and a detached 2-car garage complete this exceptional package. Properties at this cap rate don't last.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Basement
    • Full
    • Walk-Out Access
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • Detached
School Information
School Information for 82 Pequannock St, Dover Town, NJ 07801
Elementary School
N/A
Middle School
Dover M.S.
High School
Dover H.S.
Listing Courtesy: X REALTY CORP. - 973-298-0838
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Market statistics compiled from data from Garden State MLS.
EXIT CORNERSTONE REALTY
438 US Route 46, Kenvil, NJ 07847
Office
973 927 0250
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