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Listed by Susan Kenyon and Steven Blase of Keller Williams Coastal Realty /Dover
Potential, Potential, Potential! Investors take notice. The third floor within the two center units are being underutilized and there is a lot of room to increase the earning potential. The roof is about five years old and the siding work has been started for you. There are some long term tenants that have been in the building for 10+ years and two of the units have been updated. The current rents are well under market and the current cap rate is at 5.9%. And, the project cap rate could be approximately 10.2% at fair market rents. This property will be a great addition to any investors portfolio. Whether you are just starting out or you are adding a great asset to your portfolio, this property should be analyzed immediately. Only an eight minute walk from downtown and it's only close to commuter roads.

Property Details of 11 Ham Street

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 17, 2021.

 

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