Price Reduced 4.35%
88 State Rd W, Westminster, MA, 01473
32 rooms
9 beds
8 Full / 1 Half baths
1920
6,669 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!
Status:
Active
Type:
Multi-family
Units:
8
Zoning:
R1
Frontage:
151.00
Garage:
3-car
Basement:
Full, Sump Pump, Dirt Floor, Concrete
Levels:
3
Parking:
20-car Paved Drive, Paved
Acreage:
1.5
Est. Taxes:
$6,549
Assessment
$534,200
Construction
Frame
Utilities
for Gas Range, for Electric Range
Waterfront:
Yes
MLS #:
73222797
Buyer Agent Compensation:
2
Facilitator Compensation:
1
Compensation Based On:
Gross/Full Sale Price
Sub-Agency Relationship Offered:
No
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of John Lawrence Despres, LAER Realty Partners Phone: 844-687-5237