105 Thompson Ave Under Contract Save Request In-Person Tour Request Virtual Tour
Dover Town,NJ 07801
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,650 sqft
Price per Sqft $356
Subdivision 2 Family With 105 And 107
MLS Listing ID 3939015
Style 2-Two Story
Bedrooms 6
Full Baths 3
Year Built 2010
Annual Tax Amount $5,227
Tax Year 2024
Lot Size 5,227 Sqft
Property Description
Property is Not in a flood zone " No flood insurance required.The property is located at 105-107 Thompson Ave and offers a high-cap return of 9%+, very low taxes. A rare find in today's market! Unit 105 rents will be $3,200/month,Starting April 2025, Unit 107 rent is $1,600/month. This well-maintained and renovated legal two-family home presents a prime investment opportunity with separate utilities and strong income potential. Each unit features private front and back entrances, ensuring tenant privacy. Hardwood floors in all bedrooms & living rooms, tile flooring in bathroom/ kitchens. Natural gas heating with separate meters for gas, electric, and water/sewer.All utilities, including water and sewer are paid by tenants.Recent Upgrades:Major renovation in 2011.New roof installed in December 2022.Newer hot water heaters for both units.Unit 105 (Second Floor & Upstairs) " 4 bedrooms, 2 full bathrooms, living/family room, eat-in kitchen, backyard access. Currently occupied on a month-to-month lease with the possibility of vacancy at closing. Unit 107 (First Floor) " 2 bedrooms, 1 bathroom, living room, kitchen.For additional information, please refer to the listing under media documents. Don't miss out on this high-yield investment opportunity! Both unit tenant are on M2M term, seller will help to deliver as vacate on closing.
Location
State NJ
County Morris
Zoning 2 Family
Interior
Heating Gas-Natural
Cooling None
Exterior
Exterior Feature See Remarks, Vinyl Siding
Parking Features None
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Irregular Lot
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Dover M.S.
Middle Schools Dover M.S.
High Schools Dover H.S.