Offer has been accepted and the open house has been cancelled. This spacious two unit home in North Andover is a great opportunity for an investor or an owner occupant. The property is a great communter home, conveniently located just a few minutes from route 495 with an added bonus of being close to stores and restaurants. Both have large eat in kitchens two bedrooms and large living and dining rooms with two bedrooms. There is plenty of storage in the basement, a fenced in yard and a two car garage. Unit one has laundry in the basement, Unit 2 has a laundry room off the front entry. The electrical system has been updated and the property has been de-leaded.
This home has been viewed 4 times
Last Updated: March 30th, 2025 at 7:18am
Gross Income: $48,000
Gross Expenses: $7,625
Net Income Calc: $40,375
CAP Rate: 5.39%
Annual Expenses for 344-346 Waverly Rd, North Andover MA 01845
Total Gross Expenses (Calculated)$7,625/year
APOD AvailableYes
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$7,625
Annual Income & Unit Breakdown for 344-346 Waverly Rd, North Andover MA 01845
Total Gross Income (Calculated)$48,000
Unit 1
Rental Income2100
LeaseY
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water)
Unit 2
Rental Income1900
LeaseN
Bedrooms2
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water)
General Information for 344-346 Waverly Rd, North Andover MA 01845
Listing ID73350954
Property TypeMulti Family / 2 Family
Price$749,000 ($337.39/SqFt)
Style
CityNorth Andover
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,220 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking6
Garage Parking2 / Detached
Year Built1920
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
Zoningmulti res
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesInsulated Windows
Terms
Interior Features for 344-346 Waverly Rd, North Andover MA 01845
Disclosures for 344-346 Waverly Rd, North Andover MA 01845
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$24,000
Total Net Income By Broker$48,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 344-346 Waverly Rd, North Andover MA 01845
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access
Contact Information for 344-346 Waverly Rd, North Andover MA 01845