40 W Fairview Ave, Dover Town, NJ 07801

$665,000
5
BD
2.1
BA

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List Price
$665,000
Status
ACTIVE
MLS#
4057356
Bedrooms
5
Bathrooms
2.1
Half-baths
1
County
Morris
City
Dover Town
Year Built
1920

Property Description

A turnkey two family with income, flexibility, and all major improvements already taken care of! 40 W Fairview Ave offers an excellent setup for investors or owner occupants. The lower unit features 1 bedroom with the potential for a second, a large dining room, and a Florida room providing additional living space. The upper unit offers 3 bedrooms with the possibility of a 4th bedroom and 1.5 baths and is currently vacant, with projected rent of approximately $3,000 per month. Combined rental potential is approximately $5,250 per month. The home blends character with recent improvements, including a welcoming front porch, second floor balcony, spacious interiors, and classic architectural details. Major updates include a brand new roof, new windows, newer furnaces, new electrical, fresh paint, and renovated interiors, giving the next owner added peace of mind. A detached two car garage and ample off street parking add even more value. Keep both units as an income producing investment or live in one while the other helps offset your mortgage. Dover continues its revitalization while offering NJ Transit rail service to NYC, a vibrant downtown, shopping, and restaurants. Income, condition, location, and options all in one!

Additional Information

Exterior
Composition Shingle
Basement
Yes
Garage
Detached Garage
Water
Public Water
Sewer
Public Sewer
Fuel
Gas-Natural

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Listing Courtesy Of X REALTY CORP., Contact: 973-298-0838