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.
Sale Statistics
Sale Overview
Original List Price:$1,499,000
Final Sale Price:$1,440,000
Difference:
$59,000 (-3.9%)
Performance Metrics
96.1%
List to Sale Ratio
Sold below asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$227
Sale $/sq ft:$218
This property sold for $218 per square foot
Sale Summary
This property sold for 3.9% below the original asking price.
With only 20 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1926
Bedrooms
9
Full Bathrooms
7
Living Area
6,604 sq ft
Total Rooms
20
Stories
5
Levels
5
Interior Features
Flooring
Vinyl, Carpet, Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Washer, Dryer, Range, Refrigerator
Interior Features
Laundry Room, Bathroom With Tub & Shower, Living Room, Kitchen
Basement Details
Full, Interior Entry, Concrete, Unfinished
Exterior & Structure
Construction Materials
Frame
Roof
Shingle, Rubber
Foundation
Stone
Patio/Porch Features
Covered
Has Spa
No
Waterfront Features
Lake/Pond, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.77 acres
Lot Size
33,350 sq ft
Lot Size Area
0.7700
Lot Features
Wooded, Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
10
Parking Features
Paved Drive, Off Street, Paved
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Park, Walk/Jog Trails, Public School
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$17,048
Tax Year
2023
Tax Assessed Value
$1,248,000
Parcel Number
M:00117 B:00001 L:00000,1842544
Zoning
SRA
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
New Roof on main part of house 2023 Total expenses is an estimated average. Listing agent is part owner. Rubber roof over porch needs to be replaced. Seller will provide credit.
