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$1,440,000
9
Beds
7
Baths
6,604
Living Area
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Property Description
Discover a true gem in the Ballardvale section of Andover - an exceptionally rare find. This 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.
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Highlights
- Heating: Forced Air, Natural Gas
- Property Class: Residential Income
- Total Rooms: 20
- Status: Closed
- Parking Spots: 10
- Property Type: 5-9 Family
- Year Built: 1926
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Additional Details
- Appliances: Washer, Dryer, Range, Refrigerator
- Construction: Frame
- Foundation: Stone
- Lot Features: Wooded, Level
- Roof: Shingle, Rubber
- Year Built Details: Actual
- Zoning: Sra
- Basement: Full, Interior Entry, Concrete, Unfinished
- Flooring: Vinyl, Carpet, Hardwood
- Interior Features: Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 7
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Walk/Jog Trails, Public School
- Waterfront Features: Beach Front, Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,248,000
- Compensation Based On: Net Sale Price
- Tax Year: 2023
- Total Rent: $4,710
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $17,048
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