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228 Andover St, Andover, MA
Not Available - Off MarketPrice Reduced $213,000
0
$1,625,000
Total Beds: 9 Total Baths: 7
Total Units: 7 SQFT: 6604
LOT size: 0.77 Acres
228 Andover St
Andover, MA 01810
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This Property is No Longer Available

Property Description

Discover a true gem in the Ballardvale section of Andover - an exceptionally rare find. This fully rented 7-unit multifamily property presents an outstanding opportunity to generate income from day one. Boasting a thoughtfully designed mix of units, including four one-bedroom apartments, two two-bedroom apartments, and one studio apartment, this investment is primed for success. Each unit has its own separate utilities, ensuring ease of management. The heating is facilitated by Forced Hot air, by Gas. For the convenience of residents, a coin-operated W&D is available in the common area. Parking will never be a concern with ample off-street parking spaces for residents. Positioned just uphill from Ballardvale center and the T commuter rail stop, this property offers exceptional connectivity. Embrace the outdoors with proximity to Andover's scenic Hiking Trails and the recreational haven of Pomp's Pond, promising year-round enjoyment. Easy Access to I93.

Property Details

Building Information

  • Total Units: 7
  • Total Floors: 7
  • Total Bedrooms: 9
  • Total Full Baths: 7
  • Amenities: Park, Public School, Public Transportation, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Laundry
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: Yes
  • Gross Operating Income: 106920
  • Gross Expenses: 14500
  • Net Operating Income: 106920

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Bathroom With Tub & Shower
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Bathroom With Tub & Shower
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Bathroom With Tub & Shower
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Other Rooms: Kitchen, Living Room
  • Appliances: Range, Refrigerator
  • Interior Features: Bathroom With Tub & Shower
  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: None
  • Levels: 1

Construction

  • Year Built: 1926
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73147711
  • Last Updated: 11/20/23

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Map

Seller's Representative: Ryan Schruender, Schruender Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-11-20 11:15:00

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