15 Andrews Court Gloucester — Photo 1 of 8
$395,000
Investment Analysis — 15 Andrews Court
Gloucester, MA 01930 — West Gloucester
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01930 carries an estimated $2,040/mo in gross rent — about a 4.27% cap rate and $16,870/yr in estimated NOI at the $395,000 list price. Adjust every assumption in the calculator below.
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TURN KEY OPPORTUNITY TO BUILD A SINGLE FAMILY OR TWO TOWNHOUSES! Introducing 15 Andrews Court, a 12,300 sq/ft lot together with conservation approvals for a (2) townhouse building. The property is located on a quaint side street on the Essex/Gloucester line, not far from the Commuter Rail T, restaurants and beaches. There is electricity at the street and the water and sewer lines have been stubbed onto the property. Bring your architectural plans, pull your permit and build! For the end user, this is your opportunity to build exactly what you want, either as a single family or as a two family. For the developer or investor, purchase this lot and profit. Additional lots also available, ranging from $349,000-$395,000. CALL TODAY FOR AN IN-PERSON SHOWING.
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 MLS and other third-party data may be inaccurate or out of date.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
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Neighborhood
Park • Walk/Jog Trails • Conservation Area • Highway Access • Private School • Public School
Geography
Listing Agent: The Residential Group
Listing Office: Coldwell Banker Realty - Brookline
MLS® Number: 73537589