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Canceled

88 State Rd W, Westminster MA 01473

$899,000

Estimated $2,003.47/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $112,375

Total Rent: 0/year

Estimated CAP Rate: -2.12%

9 Bedrooms

8 Full, 1 Half Baths

6,669 SqFt

Total Parking: 23 (3 Garage)

65,340 SqFt

Welcome to The Homestead. Property like this doesn't come along often in Westminster. An 8-unit apartment building with 1.5 acres. To be subdivided. The apartments consist of one 3 bedroom, 1.5 bath single family residence which is attached to seven apartments. One structure, 8-units. 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-$13k+/month once renovated and fully rented depending on how you rent them out. Sold As-is. R1 Zoning - Apartments or townhouses w/ a special permit - assisted living yes. The possibilities are endless. This could be the cash cow you're looking for. Call for a showing, make me an offer!

This home has been viewed 125 times

Last Checked: October 7th, 2024 at 4:34pm (Source: MLS PIN #73222797)

Gross Income: $0

Gross Expenses: $19,049

Net Income Calc: $19,049

CAP Rate: -2.12%

Water Views

Annual Expenses for 88 State Rd W, Westminster MA 01473

Total Gross Expenses (Calculated)$19,049/year

APOD AvailableNo

Heating

Electricity$3,000

Water$1,000

Gas$1,000

Insurance$6,500

Sewer$1,000

Trash Removal$2,000

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,549

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

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full, 1 Half

Floor1

Levels in Unit2

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

General Information for 88 State Rd W, Westminster MA 01473

Listing ID73222797

Property TypeMulti Family / 5+ Family

Price$899,000 ($134.8/SqFt)

Style5-9 Family

CityWestminster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total6,669 SqFt

Approximate Lot Size (Acres)1.5 acres

Total Parking23 (3 Garage)

Garage Parking3 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesNo

Foundation Area

Foundation DescriptionBlock,Stone,Slab

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesPond, Waterfront

Energy Features

Terms

Disclosures for 88 State Rd W, Westminster MA 01473

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$12,500

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 88 State Rd W, Westminster MA 01473

Real Estate Taxes$6,549

Tax Year2024

Assessed Value$534,200

Financial Data SourceNo

Total Gross Expenses By Broker$12,500

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-2.12%

Location Information for 88 State Rd W, Westminster MA 01473

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesNo

Contact Information for 88 State Rd W, Westminster MA 01473

Agent

Name: John Lawrence Despres

Office

Name: LAER Realty Partners

Phone: 844-687-5237

Team Members

Name: Vision Realty Group

Phone: 617-800-9111

Payment Calculator

, Interest

Property Taxes 545.75

Principal & Interest 5539.35

HOA Dues $0

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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[perc_test_date] => Unknown
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EXIT

Canceled

88 State Rd W, Westminster MA 01473

$899,000

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

Team Members

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Exclusive Listing Agent

LAER Realty Partners

John Lawrence Despres