Property
Dover Town, NJ 07801 203 207 E Blackwell St Abc
$1,400,000
45 more
Presented By: RE/MAX SELECT; 973-200-4800
Full/Half Baths • 0 / 6
SQFT • 3,662
Home Details
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!
Presented By: RE/MAX SELECT; 973-200-4800
Interior Features for 203 207 E Blackwell St Abc
Bathrooms
Half Baths6
Other Interior Features
Price Per Sq Ft382.30
Available Sq Ft3662
Num 3 Bdrm Units1
Num 2 Bdrm Units1
Num 1 Bdrm Units1
BasementCrawl Space, Full
FlooringLaminate, Tile, Wood
Fuel TypeElectric, Gas-Natural
Total Stories3
General for 203 207 E Blackwell St Abc
Building #207
Cap Rate7.00
ConstructionWood
CoolingWall A/C Unit(s), Window A/C(s)
CountyMorris
DirectionsRoute 46 to Dover Rockaway Road to East Blackwell St.
Documents AvailableIncome & Expenses, Leases
DriveBlacktop, Crushed Stone, Hard Surface, Parking Lot-Exclusive
EasementUnknown
Equipment AvailableAppliances, Kitchen Area, Restrooms - Private, Smoke Detector, Storage Area(s)
Farm AssessmentNo
Gross Income66000
Heating4+ Units, Baseboard - Hotwater, Heat Pump, Multi-Zone
Leasable Area400
Lease IncludesSee Remarks
Lease InformationOptions Available
Lease TypeModified
LocationBusiness District
Net Operating Income51600
Num Apts3
Number Of Units Total4
Operating Expense15000
OwnerPaysSewer, Snow Removal, Water
OwnershipFee Simple
Permitted UseMulti Family, Single Family, Outdoor Storage & C-1
PossessionAt Closing
Prior Use3 Family & Singly Family Current
Property TypeMixed Use, Office/Apartments, Office/Retail
Property TypeOffcApts
RoofAsphalt Shingle
ServicesCable TV Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount17500
Tax Assessed Value334800
Tax Lot15 & 14
Tax Year2024
Tenant PaysCable T.V., Electric, Gas, Heat, Hot Water
Town #2309
TownshipDover Town
UtilitiesElectric, Gas-Natural
Year Built1900
ZoningC-1
Exterior for 203 207 E Blackwell St Abc
Building Area Total3662
Exterior DescriptionComposition Siding, Vinyl Siding
Lot Dimensions50X200
Lot FeaturesLevel Lot, Open Lot
Lot Size Acres0.23
Max Ceiling Height9
Max Door Height8
Number of Bays2
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Tina Torres
Broker/Owner