246 Andover St
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2019 | Sold | ||
| Sold | |||
| Jul 12, 2019 | Listed by The Russell Realty Group - Chelmsford | $529,900 | |
| Listed by The Russell Realty Group - Chelmsford | |||
| May 20, 2016 | Sold | ||
| Sold | |||
| Mar 3, 2016 | Listed by Coldwell Banker Realty - Andover | $469,000 | |
| Listed by Coldwell Banker Realty - Andover | |||
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Beautiful completely updated Colonial ideally located just minutes from I-93, I-495, South Elementary School, the commuter rail, and downtown Andover. Filled with charm and character, this home features 3 spacious bedrooms with ample closet space, 1.5 updated bathrooms, a completely remodeled kitchen, and a fireplace with custom built-in bookshelves. The brand new kitchen features custom cabinets, crown moulding, granite countertops, tile backsplash, and stainless steel appliances. New full bathroom added to the upstairs with tiled tub, tiled floors, and vanity. The beautiful hard wood flooring throughout includes the timeless character of refinished wide plank pine in all the bedrooms. Updated electrical, plumbing, and brand new natural gas boiler. Two covered porches as well as a large rear deck off the kitchen. Spacious driveway with plenty of parking. Don’t miss this incredible value and opportunity to own turn key in Andover.
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| Nov 3, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017