
1 Powder Mill Square #107 Andover — Photo 1 of 29
$599,900
Investment Analysis — 1 Powder Mill Square #107
Andover, MA 01810 — In Town
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 2-bedroom in 01810 carries an estimated $2,940/mo in gross rent — about a 1.88% cap rate and $11,304/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,362
Style
Condominium
Built
2004
Stylish, sun-filled condo in the Heart of Andover! The comfort and convenience can't be beat. An elevator building, open concept floor plan with 10 foot high ceilings, new walnut luxury vinyl planking, and oversized windows that fill this home with natural light. Recessed lighting in the high ceilings flow throughout the unit. The kitchen has beautiful granite countertops with plenty of work space and breakfast bar, young stainless appliances, compliment the ample storage space the cabinets provide. Open to the dining and living room areas, the cook is always part of the fun. The main bedroom ensuite has a generous walk-in closet, and a spacious bathroom with a large walk-in shower. The second bedroom is on the other end of the condo offering added privacy. Second bedroom has a spacious closet and the guest bathroom - a full bath just across the hall. Freshly painted. The hot water heater has a moisture alarm to protect against a leak. The foyer welcomes you with a large coat closet. Benefit from the $50,000 in upgrades seller has made in past few years. Enjoy the brand new heating and A/C unit, the new rich walnut colored easy care luxury vinyl planking, and bathroom updates. One deeded parking space inside the garage near the elevator, and plenty of outside visitor parking for second car. Pets allowed with restrictions. 2 dogs under 35 lbs. larger Dog requires trustee approval. This condo is ideally located. It faces into the courtyard. No traffic noise from nearby Main St, and an expansive view overlooking the courtyard. Sunsets are very pretty. Gym with new equipment in Bldg 4. Responsive professional association management. Close to the center of town, the commuter train, both Whole Foods & Stop ‘n Shop, the post office, many restaurants, banks, churches and Memorial Hall Library. This home makes it easy to enjoy the Andover lifestyle just minutes from your front door.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First20 x 12
Flooring - Vinyl, Open Floorplan, Recessed Lighting
Dining Room
Lvl First15 x 14
Flooring - Vinyl, Open Floorplan, Recessed Lighting
Kitchen
Lvl First13 x 8
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Stainless Steel Appliances, Lighting - Pendant
Master Bedroom
Lvl First19 x 14
Bathroom - 3/4, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 2
Lvl First12 x 11
Bathroom 1
Lvl First11 x 6
Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Ceiling Fan(s)
Bathroom 2
Lvl First9 x 5
Bathroom - Full, Bathroom - With Tub, Ceiling Fan(s), Flooring - Stone/Ceramic Tile
Listing Agent: The Carroll Group
Listing Office: RE/MAX Partners
MLS® Number: 73558684
