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101 Elm St Andover, MA 01810
Listing 72673789
  • Beds 6
  • Baths 2
  • sqft 2,736
$675,000
  • Status Sold
  • Property Type Multi Family - 2 Family - 2 Units Up/Down
  • Sold Date August 04 2020

About This Property

**EXCELLENT INVESTMENT OPPORTUNITY DESIRABLE LOCATION ** Less than half mile to downtown shops, cafes, & restaurants. Corner lot 2 family. Ideal property to live in one unit & rent out the other unit. Unit 1 currently vacant w/ updated kitchen new cabinets, counter-tops, sink, dishwasher, microwave, as well as improvements in the bathroom including new toilet, vanity, & sink. Nothing to do but move in. Estimated market rent between $2,200 - $2,400/month. Unit 2, also in good condition, currently occupied by long-term tenant-at-will paying $1,650/month. Fair market rent is $2,200 - $2,400/month. Potential for extra living space on the 3rd floor includes unfinished attic space. Also great opportunity for investor looking to put down 25% and rent out both units and eventually condo convert. Solid property in a desirable market w/ an exceptional ROI, no matter if you’re looking to live in one unit or rent out both. Property won’t last long.

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