
10B Colonial Dr #1B Andover — Photo 1 of 25
$299,900
Investment Analysis — 10B Colonial Dr #1B
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a home in 01810 carries an estimated $2,030/mo in gross rent — about a 3.84% cap rate and $11,505/yr in estimated NOI at the $299,900 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
1
SqFt
470
Style
Condominium
Built
1973
Enjoy the perfect balance of privacy and convenience in this beautifully maintained, fully furnished first-floor condominium nestled among mature trees and expansive green lawns. With its own private covered entrance and bright, move-in-ready interior, this home offers a unique residential feel rarely found in condominium living. Thoughtfully designed, the studio layout provides exceptional flexibility, allowing the living and sleeping areas to function as either one expansive open space or two distinct areas separated by a stylish curtain divider. Open the divider to maximize the bright, airy feel of the home, or close it to create added privacy and the feel of a separate bedroom. A wall-mounted TV on an extended articulating bracket can be easily adjusted for comfortable viewing from either space. The renovated kitchen features quartz countertops with a stunning waterfall peninsula offering seating for up to three, updated cabinetry with designer black and gold hardware, white appliances, and both above- and under-cabinet lighting. Modern bamboo vinyl plank flooring flows throughout, complemented by recessed lighting, custom blackout shades, and a stylish electric fireplace with adjustable lighting and a custom black wood mantel that adds warmth and character to the home. A custom walk-in closet by Closets by Design offers exceptional storage with built-in shelving and cabinetry, complemented by a second closet for even more storage space. The full bath features a granite-topped vanity and a bath-fitter tub/shower with ample built-in shelving and glass. Residents enjoy exceptional community amenities, including a swimming pool, tennis courts, basketball court, bike storage, dog park, walking paths, abundant green space, and ample guest parking. Easy access to the laundry facility, just steps away. PLENTY of guest and visitor parking that both owners and guests can use for their own vehicles. Even better, the condo fee covers nearly all utilities, with owners responsible only for electric. A wonderful opportunity to enjoy low-maintenance living in a scenic Andover setting close to shopping, dining, and major commuter routes. More than a condominium, this is a turnkey lifestyle offering comfort, convenience, privacy, and outstanding amenities in one of Andover's most desirable communities.
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 • Microwave • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBathroom 1
Lvl FirstListing Agent: Jeffrey Borstell
Listing Office: J. Borstell Real Estate, Inc.
MLS® Number: 73563073
