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You are here:
Home Massachusetts Westminster Multi-Family Homes for Sale

88 State Rd W Westminster, MA 01473

88 State Rd W, Westminster, MA
29 Days on Boston Pads
Price Reduced $100,000
0 Photos
$1,300,000
8 Unit
10 Beds
9 Baths
6669 SQFT
21.52 Acre
88 State Rd W
Westminster, MA 01473

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!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 8
  • Total Floors: 4
  • Total Bedrooms: 10
  • Total Full Baths: 8
  • Total Half Baths: 1
  • Total Fireplaces: 3
  • Basement Features: Partial, Sump Pump, Unfinished Basement, Walk Out

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 27000
  • Gross Expenses: 12500
  • Electric Expenses: 3000
  • Water/Sewer: 1000
  • INSC: 6500
  • RFS: 2000
  • Net Operating Income: 14500

Utilities

  • Water: City/Town Water, Private
  • Sewer: On-Site, Private Sewerage

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Foundation Info: Fieldstone, Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73222796
  • Last Updated: 05/08/24

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Map & Resources

Seller's Representative: John Lawrence Despres, LAER Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-08 19:59:00