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 at market rate could be in the range of $1k-$1,500/Month+ 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. Possibilities are endless.
This home has been viewed 62 times
Last Checked: May 11th, 2024 at 4:18am (Source: MLS PIN #73222799)
General Information for 88 State Rd W, Westminster MA 01473
Listing ID73222799
Price$1,300,000
Land TypeResidential
Approx AcresApprox. 21.52 acres (937,411 SqFt)
Number of Lots
Approximate Street Frontage
Road Frontage Type
ZoningR1
ElectricAt Street, On-site
GasOn-site,at Street
WaterPublic
SewerPrivate Sewer
Cultivation AcresNone
Pasture AcresNone
Timber AcresNone
PERC Test
PERC Test DateUnknown
AssociationNo
Association Required
Association Fee$0
Lot FeaturesLevel, Wooded, Farm, Wetlands
WaterfrontNo
Waterfront FeaturesPond, Waterfront
View
Disclosures for 88 State Rd W, Westminster MA 01473
DEQE/DEP#
Senior CommunityNo
Disclosures
Special Listing Conditions
For Sale By OwnerNo
Buyer Agent Compensation2
Facilitator Compensation1
Sub-Agent Compensation
Financial Information for 88 State Rd W, Westminster MA 01473
AssociationNo
Association Fee$0
Tax$6,549
Tax Year2024
Assessed Value$534,200
Contact Information for 88 State Rd W, Westminster MA 01473