Crisp & bright top floor unit w/ courtyard views at the desirable
Colonial Drive Condominiums. Freshly painted throughout, the floor
plan provides a spacious living room w/ large picture window and a
dining area w/ plenty of space for a real dining room table. The
fully equipped white kitchen offers lots of cabinet and countertop
space, stainless steel appliances, tile flooring and a lovely glass
backsplash. The king-sized bedroom includes a double closet along
w/ 3 windows allowing for plenty of natural light. Modern bathroom
w/ full-size tub and shower. Both of the wall a/c units are new,
modern windows throughout, and modern electric. Professionally
managed by the on-site management company, this complex includes a
pool, basketball court, tennis court, and a dog park. On-site
laundry in the building along w/ an additional storage space,
assigned parking spot plus plenty of guest parking. Easy access to
Rt.93, Harold Parker State Forest, and the restaurants and shops
along Rt.28.
Unit Size
719 Ft²
Days on Market
-
Land Size
-
Price per sqft
$348
Property Type
Condo
Property Taxes
$225
HOA Dues
$393
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
HOA/Condo/Coop Amenities: Hot Water, Pool, Tennis Court(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $393
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School, T-Station
Pets Allowed: Yes
Complex is Completed
Management: Professional - On Site
B2 Colonial Drive
#11,
Andover, MA,
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