Two-Bedroom Residential Income
For Sale
$599,900
Pending
705 Autumn Ridge Dr, Ayer, MA 01432
Townhome condominium with an open living area, cathedral ceilings, stainless steel appliances, and granite countertops in a 55+ community.
Property Size1,846 SF
Days on Market61
Property Features for 705 Autumn Ridge Dr
General Information
Standard status
Pending
Size
1,846 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
Range
Dishwasher
Refrigerator
Washer
Dryer
Central Air
Wood
Tile
Carpet
Forced Air, Natural Gas
2.0 Stories
$5,951 Taxes
Public
Built in 2010
Building Details
Year Built
2010
Listing Agency:
Century 21 North East
(800) 844-7653
Listed By:
Joanne Smith
Source:
Donahuere
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 19 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
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Investment Insights
Based on property information with market context.
Built in 2010, this two-bedroom, three-bathroom townhome condominium offers 1,846 square feet of living space within a 55+ residential community. The interior centers on an open arrangement connecting the living, dining, and kitchen areas, with cathedral ceilings adding volume to the main space. Stainless steel appliances and granite countertops are included in the kitchen.
The property is located in Ayer, bordering Groton, with access to amenities in both towns. Nearby community features identified for the property include commuter rail service to Boston, Groton Hill Music Center, local restaurants, a 16-mile rail trail, and conservation land. The combination of a defined residential setting, substantial living area, and proximity to regional amenities gives the property a clear townhome configuration within the residential income classification.
The property is located in Ayer, bordering Groton, with access to amenities in both towns. Nearby community features identified for the property include commuter rail service to Boston, Groton Hill Music Center, local restaurants, a 16-mile rail trail, and conservation land. The combination of a defined residential setting, substantial living area, and proximity to regional amenities gives the property a clear townhome configuration within the residential income classification.
Key Highlights
- 1,846 SF townhome condominium with 2 bedrooms and 3 baths
- Located in a 55+ community in Ayer, bordering Groton
- Open living, dining, and kitchen layout with cathedral ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,729
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
$734.6K
Cap Rate 7%
$524,700
$524.7K
Cap Rate 9%
$408,100
$408.1K
Market Conditions
NOI Build-Up for 1,846 SF
Gross rent
$70.4K $38.16/SF
− Vacancy
−$3.7K −$1.98/SF
EGI
$66.8K $36.18/SF
− OpEx
−$30.1K −$16.28/SF
NOI
$36.7K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,580
Cap Rate 7%
$524,700
Cap Rate 9%
$408,100
Alternative Uses
Best Use
Apartment 5plus
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$956.2K – $1.27M
NOI $76,498 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
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Business Placement
Demographics for 01432, MA
8,221
Population
3,770
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
967
Density / Sq Mi
$105,142
Median Household Income
$66,659
Median Earnings
$1,373
Median Rent
$419,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhome condominium with an open living area, cathedral ceilings, stainless steel appliances, and granite countertops in a 55+ community.
Where is this residential income property located?
The property is located at 705 Autumn Ridge Dr Ayer, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,846 SF townhome condominium with 2 bedrooms and 3 baths; Located in a 55+ community in Ayer, bordering Groton; Open living, dining, and kitchen layout with cathedral ceilings
