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Canceled

88 State Rd W, Westminster MA 01473

$1,300,000

Estimated $2,600/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $162,500

Total Rent: 27000/year

Estimated CAP Rate:

10 Bedrooms

Baths

6669

Total Parking: 23 (3 Garage)

937,411 (21.52)

Welcome to The Homestead. Property like this doesn't come along often in Westminster. An 8-unit apartment building with two land parcels that total 21.52 acres. One parcel is 10.52 acres, it includes the building and the other is 11.02 acres. Future potential land development opportunity. The apartments consist of one 3 bedroom, 1.5 bath single family residence attached to seven apartments. Most of the apartments are oversized one beds, some are really big units. Units 2 & 3 are gutted & 90% completed. Property can be delivered rented or vacant but most likely will be delivered vacant so the next person can either fill the property with market rate rents or go straight into renovations. Market rate rents here would be in the range of $1k-$1.5k/Mon.+ for the apartments and $2k+ for the house. Totaling $9-$12k+/month once renovated and fully rented. Sold As-is. R1 Zoning - Apartments or townhouses w/ a special permit - assisted living yes. The possibilities are endless. Make me an offer!

This home has been viewed 77 times

Last Checked: May 11th, 2024 at 4:18am (Source: MLS PIN #73222796)

Gross Income: $27,000

Gross Expenses: $18,406

Net Income Calc: $8,594

Water Views

Annual Expenses for 88 State Rd W, Westminster MA 01473

Total Gross Expenses (Calculated)$18,406/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5906

Annual Income & Unit Breakdown for 88 State Rd W, Westminster MA 01473

Total Gross Income (Calculated)$27,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 88 State Rd W, Westminster MA 01473

Listing ID73222796

Property TypeMulti Family / 5+ Family

Price1300000 ($194.93/SqFt)

Style5-9 Family

CityWestminster

CountyWorcester

Neighborhood(s)

Approximate Living Area Total6669

Approximate Lot Size (Acres)21.52

Total Parking23 (3 Garage)

Garage Parking3

Year Built1920

Year Built SourcePublic Records

Year Built DetailsUnknown/Mixed

WaterPublic

SewerPrivate Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR-1

Water ViewsYes

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 88 State Rd W, Westminster MA 01473

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBar Top In Shed Is Custom And Is Not Included

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnGross/full Sale Price

Financial Information for 88 State Rd W, Westminster MA 01473

Real Estate Taxes5906

Tax Year2023

Assessed Value$452,200

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 88 State Rd W, Westminster MA 01473

Neighborhood(s)

Area Amenities

Contact Information for 88 State Rd W, Westminster MA 01473

Agent

Name: John Lawrence Despres

Office

Name: LAER Realty Partners

Phone: 844-687-5237

Payment Calculator

, Interest

Property Taxes 492.17

Principal & Interest 8010.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

John Lawrence Despres

Agent Phone

Office Phone

(844) 687-5237

Text Agent Call Agent Call Office

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EXIT

38 More Photos

Canceled

88 State Rd W, Westminster MA 01473

$1,300,000

Annual Expenses for 88 State Rd W, Westminster MA 01473

Annual Income & Unit Breakdown for 88 State Rd W, Westminster MA 01473

General Information for 88 State Rd W, Westminster MA 01473

Disclosures for 88 State Rd W, Westminster MA 01473

Financial Information for 88 State Rd W, Westminster MA 01473

Location Information for 88 State Rd W, Westminster MA 01473

Contact Information for 88 State Rd W, Westminster MA 01473

Agent

Office

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

John Lawrence Despres