Overview Property Details Payment Calculator Walkability

Canceled

88 State Rd W, Westminster MA 01473

$1,300,000

Estimated $2,600.11/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $162,500

Total Rent: 27000/year

Estimated CAP Rate: 0.66%

10 Bedrooms

8 Full, 1 Half Baths

6,669 SqFt

Total Parking: 23 (3 Garage)

937,411 SqFt

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 developmen...

This home has been viewed 46 times

Last Checked: May 11th, 2024 at 4:18am (Source: MLS PIN #73222796)

Gross Income: $27,000

Gross Expenses: $18,406

Net Income Calc: $8,594

CAP Rate: 0.66%

Water Views

Annual Expenses for 88 State Rd W, Westminster MA 01473

Total Gross Expenses (Calculated)$18,406/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$5,906

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

Total Gross Income (Calculated)$27,000

Unit 1

Rental Income$1,500

LeaseN

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$750

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 88 State Rd W, Westminster MA 01473

Listing ID73222796

Property TypeMulti Family / 5+ Family

Price$1,300,000 ($194.93/SqFt)

Style5-9 Family

CityWestminster

CountyWorcester

MLS Area

Neighborhood(s)

Approximate Living Area Total6,669 SqFt

Approximate Lot Size (Acres)21.52 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 Materials

Lot FeaturesWooded

Foundation Area

Foundation DescriptionStone,Slab

Accessible Features

Outdoor Space

ZoningR-1

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 SourceOwner

Total Gross Expenses By Broker$12,500

Total Gross Income By Broker$27,000

Total Net Income By Broker$14,500

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$5,906

Tax Year2023

Assessed Value$452,200

Financial Data SourceOwner

Total Gross Expenses By Broker$12,500

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$27,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$14,500

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.66%

Location Information for 88 State Rd W, Westminster MA 01473

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 88 State Rd W, Westminster MA 01473

Agent

Name: John Lawrence Despres

MLS ID: CN219079

Office ID: AN5290

National Association ID: 449589592

Address: 17 Summer Street

City: Fitchburg

State: MA

Zip: 01420

Office

Name: LAER Realty Partners

MLS Office ID: AN5290

Phone: 844-687-5237

Team Members

Name: Vision Realty Group

MLS ID: TM315454

Office ID: AN5290

Phone: 617-800-9111

Payment Calculator

$8,502.36 per month

30 Years Fixed, 6.75% Interest

Property Taxes $492.17

Principal & Interest $8,010.19

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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    [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!
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EXIT

Canceled

88 State Rd W, Westminster MA 01473

$1,300,000

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

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

John Lawrence Despres