Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2012
Building Area
Land Area ()
Number of units 115

Property Description

Jones Lang LaSalle (JLL) has been exclusively retained to market The Point at Andover (the "Community"), a 2012-vintage, 115-unit suburban apartment community located in Andover, Massachusetts, one of Greater Boston’s most desirable towns. The highly amenitized community offers access to the region’s primary employment centers and is just a short drive from shopping and dining conveniences.

                                                              

 

Given The Point at Andover’s below market rents, vintage, and strong demographics, there is meaningful upside potential through a renovation program to provide higher-end finishes such as flooring upgrades, bathroom improvements, and new lighting packages. The institutionally developed and professionally managed community is uniquely positioned to offer both strong in-place cash flow and the opportunity to increase rents via thoughtful enhancements.                    

                                                  

                      

The Point at Andover provides investors the opportunity to invest in a high-quality community with substantial upside potential in one of the most exclusive zip codes in the country.


Investment Highlights

  • Rare Value Add Opportunity
  • Andover: One of the Premier Suburban Communities in the Nation
  • Impressive Operating History due to Strong Market Position
  • Commercial Growth Driving Housing Demand
Last Updated Date: 24 May 2021
Christopher Phaneuf
Christopher Phaneuf
Managing Director, Capital Markets
License details
MA-9032841
Adam Dunn
Adam Dunn
Senior Director, Capital Markets
License details
MA-9553106 CT-REB.0755412 ME-DB922772

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Last Updated Date: 24 May 2021

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