Excellent opportunity to own in Andover, at an outstanding price!
Located less than three miles from route 93, this sunny, second
floor studio unit features fresh paint throughout, quality
wood-look laminate flooring, large picture window, sizeable eat-in
kitchen with good cabinetry, spacious closets, tiled bath, balcony,
laundry in building. Enjoy tennis courts, swimming pool and
basketball court. Great Colonial Village location is
convenient to major roadways, many area restaurants, shopping,
nearby Harold Parker State Forest and Merrimack College. Condo fee
includes heat, hot water, pool, tennis courts, basketball court,
storage bin, one parking space plus additional visitor parking,
exterior maintenance, and more! Pets allowed with restrictions.
SHOWINGS BEGIN at Open House Saturday, 2-13 from 11:30 AM-1
PM. Second Open House Sunday, 11:30 AM -1 PM. Any and all offers
will be presented Tuesday, 2-16 at 5:00 PM.
Unit Size
480 Ft²
Days on Market
-
Land Size
-
Price per sqft
$208
Property Type
Condo
Property Taxes
$106
HOA Dues
$266
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, Laundry, Tennis Court(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $266
Community Features: Shopping, Park, Walk/Jog Trails, Laundromat, Conservation Area, Highway Access, Private School, Public School, University
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site
D3 Colonial Drive
#4,
Andover, MA,
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