106 Cortland Dr #38 North Andover — Photo 1 of 20
$265,870
Investment Analysis — 106 Cortland Dr #38
North Andover, MA 01845
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01845 carries an estimated $2,990/mo in gross rent — about a 8.24% cap rate and $21,903/yr in estimated NOI at the $265,870 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,440
Style
Condominium
Built
2006
DEED RESTRICTED AFFORDABLE SALE! APPLICATION DEADLINE September 15th at 5pm. Meetinghouse Commons, an over 55 community in North Andover, is the setting for this spacious 2 bedroom, 2 bath home, nicely laid out over two floors with a basement for added storage space. Ample parking with two garage spaces, and a great outdoor space with attached deck and full deck awning. The furnace, hot water heater, and air conditioning have all been recently replaced and the basement and garage have been fitted with lots of shelving for storage. The development includes a clubhouse with various programming and activities for residents. Monthly condo fee includes snow removal, landscaping, and exterior maintenance. Income Limits: 1 Person: $74,800 2 Person: $85,450 3 Person: $96,150 4 Person: $106,800 ; Asset limit: $275,000. Age Restricted: 55+. Must be owner occupied. Buyer must either be a first time homebuyer or have sold their current home before closing.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: David Gasser
Listing Office: CHAPA Portfolio Realty LLC
MLS® Number: 73570727