Price Reduction - Waterfront
Address
88 State Rd W, Westminster, MA
Price
$ 1,350,000
Property Attributes
- MLS#73222796
- TypeMulti-Family
- CountyWORCESTER
- CityWestminster
- Zip01473
- Style5-9 Family
- Year Built1920
- Taxes$ 5906
- Price$ 1,350,000
- Bedrooms10
- Full Bathrooms8
- Half Bathrooms1
- Sqr Footage6669
- Lot Size21.52 Acres
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
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!
| Price History | |
|---|---|
| 4/11/2024 | Listed $1,400,000 |
| 4/27/2024 | 4% - $1,350,000 |
General Features
| Sewer | Private Sewer |
|---|---|
| Roof | Shingle,Rubber |
| Zoning | R-1 |
| Garage Spaces | 3 |
| Year Built | 1920 |
| View | Scenic View(s) |
| Property SubType | 5-9 Family |
| Tax Year | 2023 |
| Gross Income | 27000 |
| Waterfront Features | Waterfront,Pond |
| County | Worcester |
| Net Operating Income | 14500 |
| Operating Expense | 12500 |
| Insurance Expense | 6500 |
| Property Type | Residential Income |
| Garage Y/N | Yes |
| Total Rooms | 32 |
| Status | Price Changed |
| Directions | Rt 2 to Main St to State Rd W |
| City | Westminster |
| Disclosures | OWNER IS REAL ESTATE AGENT. PROPERTY IS SOLD IN AS-IS,WHERE-IS CONDITION. SELLER MAKES NO WARRANTIES OR REPRESENTATIONS AS TO THE CONDITION OR FUNCTIONALITY OF THE HOME OR ITS SYSTEMS. BUYER/BUYER AG |
| View Y/N | Yes |
| Senior Community Y/N | No |
| Total Units | 8 |
| Lot Size Square Feet | 937411 |
| Waterfront Y/N | Yes |
| Street Name | State Rd W |
| Year Built Details | Unknown/Mixed |
| Tax Annual Amount | 5906 |
| Electric Expense | 3000 |
| Home Warranty Y/N | No |
| Water Sewer Expense | 1000 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 452200 |
| Total Actual Rent | 2250 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Partial,Walk-Out Access,Sump Pump,Unfinished |
|---|---|
| Total Fireplaces | 3 |
| Total Stories | 4 |
| Fireplace Y/N | Yes |
| Full Baths | 8 |
| Half Baths | 1 |
| Total Bedrooms | 10 |
| Total Baths | 9 |
Exterior Features
| Parking Features | Paved Drive,Paved |
|---|---|
| Lot Features | Wooded |
| Water Source | Public |
| Total Parking | 20 |
| Lot Size Area | 21.52 |
| Foundation Details | Stone,Slab |
| Spa | No |
| Building Area Total | 6669 |
| Lot Size Acres | 21.52 |
| Lot Size Units | Acres |
| Covered Spaces | 3 |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01473
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
