16 Balmoral Street #417 Andover — Photo 1 of 20
$300,000
Investment Analysis — 16 Balmoral Street #417
Andover, MA 01810
Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 1-bedroom in 01810 carries an estimated $2,240/mo in gross rent — about a 3.66% cap rate and $10,994/yr in estimated NOI at the $300,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
676
Style
Condominium
Built
1925
SELLER TO PAY SPECIAL ASSESSMENT - Investors, 1st Time Buyers or those looking for a low maintenance condo in Andover - Restoration is currently under way and this is AN EXCEPTIONAL OPPORTUNITY TO OWN A PIECE OF HISTORY! Seller is willing to cover the cost of the Special Assessment which is due in January 2027. Seller will either apply a $60k to a competitive offer, or will deposit that amount into an account for the new owner, to cover the cost. If you are looking for elegance, affordability and low maintenance living in a great location, this beautiful 1BR/1BA condo at The Balmoral is for you! Located on the top floor, this bright condo offers 11 ft. ceilings, tall windows and a flexible floor plan. Heat, hot water, and water/sewer are included in the condo fee. Amenities include a main entrance that welcomes guests with a grand staircase and beautiful ballroom, 2 elevators that service all floors, a laundry room with newly installed, credit card operated, washers and dryers. Deeded parking space #96 located in the parking lot across the street and secure basement storage #12. Convenient to walking trails, all major highways, Whole Foods, Commuter Rail and shopping and dining in downtown Andover. Pet friendly and non-smoking building and grounds. Seller to pay special assessment for masonry and roofing work that is currently underway Why rent when you can own? Easy to see, and can close quickly.
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 • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Fourth Floor13 x 20
Closet, Open Floorplan, Flooring - Engineered Hardwood
Kitchen
Lvl Fourth Floor7 x 6
Stainless Steel Appliances, Flooring - Engineered Hardwood
Primary Bedroom
Lvl Fourth Floor16 x 11
Closet - Double
Bathroom 1
Lvl Fourth Floor7 x 5
Bathroom - Full, Flooring - Vinyl, Countertops - Stone/Granite/Solid
Listing Agent: Cathy Johnson
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73549655
