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20 Walnut Ave, Andover MA 01810

$895,000

Estimated $2,299.16/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $447,500

Total Rent: 35400/year

Estimated CAP Rate: 2.82%

4 Bedrooms

2 Full Baths

2,865 SqFt

Total Parking: 4

10,498 SqFt

Amazing opportunity for owner-occupants or investors, this 2-family home at 20 Walnut Ave, Andover, MA, is ideally situated near downtown Andover and public transportation. Both spacious and remodeled units feature open-concept kitchens, dining, and living areas, with 2 bedrooms and 1 updated bath each. The first unit includes central AC, and both units have separate gas/ electric utilities. Upgrades include two tankless hot water heaters, remodeled bathrooms and kitchen, windows, flooring, decking. Roof and siding are approximately 11 years old. Additional features include parking for 4 cars, a finished basement with extra living space and laundry (for the first-floor unit), backyard with grapevines and a shed for additional storage. Seller will entertain offers with buyer concessions.

This home has been viewed 18 times

Last Checked: October 15th, 2024 at 4:18am (Source: MLS PIN #73271753)

Gross Income: $35,400

Gross Expenses: $10,175

Net Income Calc: $25,225

CAP Rate: 2.82%

Annual Expenses for 20 Walnut Ave, Andover MA 01810

Total Gross Expenses (Calculated)$10,175/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,175

Annual Income & Unit Breakdown for 20 Walnut Ave, Andover MA 01810

Total Gross Income (Calculated)$35,400

Unit 1

Rental Income$2,950

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

General Information for 20 Walnut Ave, Andover MA 01810

Listing ID73271753

Property TypeMulti Family

Price$895,000 ($312.39/SqFt)

StyleMulti Family

CityAndover

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,865 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking4

Garage Parking

Year Built1918

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningSRA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy FeaturesThermostat

Terms

Disclosures for 20 Walnut Ave, Andover MA 01810

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area DisclosureMeasurements are from floor plan done by third par

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$35,400

Total Net Income By Broker$35,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 20 Walnut Ave, Andover MA 01810

Real Estate Taxes$10,175

Tax Year2024

Assessed Value$790,000

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$35,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$35,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.82%

Location Information for 20 Walnut Ave, Andover MA 01810

Elementary SchoolWest Elementary

Middle SchoolDoherty

High SchoolAndover High

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Golf, Park, Public Transportation, T-station, Tennis Court(s), Private School

Contact Information for 20 Walnut Ave, Andover MA 01810

Agent

Name: BLINK Estates Group

Office

Name: eXp Realty

Phone: 888-854-7493

Team Members

Name: Sabrina Stern

Phone: 617-712-5461

Payment Calculator

, Interest

Property Taxes 847.92

Principal & Interest 5514.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

BLINK Estates Group

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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[perc_test] => Array
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[terms] => Array
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EXIT