Last Sold Price
14 beds5,800 sqft$107/sqft
110 State Rd E, Westminster, MA 01473

Description

Unique investment opportunity in picturesque wooded setting with potential for a 6%+ cap rate. The property consists of a 6 unit apartment building with two 1 bed and four 2 bedroom apartments as well as a 3-4 BD/ 2.5 bath (+/- 2500 SF) single family house. This is a perfect opportunity for an owner occupant who wants to live in the single family house and manage the 6 income generating on-site rental apartments. The property is currently 100% tenanted with mostly TAW lease agreements. Over 2 acres...Unique investment opportunity in picturesque wooded setting with potential for a 6%+ cap rate. The property consists of a 6 unit apartment building with two 1 bed and four 2 bedroom apartments as well as a 3-4 BD/ 2.5 bath (+/- 2500 SF) single family house. This is a perfect opportunity for an owner occupant who wants to live in the single family house and manage the 6 income generating on-site rental apartments. The property is currently 100% tenanted with mostly TAW lease agreements. Over 2 acres of land with potential for further development and plenty of parking. This is a fantastic location within close proximity to RT. 2, Wachusett Mountain Ski Area and the Great Wolf Lodge.
LISTING CLOSED: 12/02/2015 12:00 AM

Listing Agent

  1. Zachary Friedman

    Zachary Friedman

    Listing Agent

    Compass

    P: (617)-877-0582

Property Details for 110 State Road East

Status
MLS #
71868035
Days on Market
106
Taxes
$8,592 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5-9 Family
Year Built
1978
Town
Westminster
Area
MA-Westminster
Garage Spaces
1
Open Parking Spaces
1.00
Parking Spaces Total
1

Location

Listing Courtesy of Compass, Zachary Friedman

Sold By Keller Williams Realty North Central, Nicholas L. Pelletier

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Building Information for 110 State Road East

Stories8Residences7Year Built1978Building Size-Lot Size2.40 AC / 104,731 SF

Payment Calculator

$3,867 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,151

Property Taxes

$716

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 110 State Road East

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Park, Walk/Jog Trails, Golf Course, Conservation Area, Highway Access, Public School, Other (See Remarks)
  • Current Financing: Conv. Fixed
  • Living Area: 5800.0
  • Total Units: 7
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Owner
Features
Interior Features
  • Appliances: Gas Water Heater
  • Num of Baths: 9.0
  • Num of Full Baths: 8
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 8.50
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wall to Wall Carpet
  • Interior Features: Living Room, Kitchen
  • Interior Features: Window AC
  • Laundry Features: Laundry Room
Exterior Features
  • Lot Description: Wooded
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Guest, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Guest, Paved Driveway
  • Parking Features: Off-Street, Guest, Paved Driveway
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:91 B: L:24,3649262
  • Assessments: $453,400
  • Book: 1239
  • Tax Year: 2015
  • Zoning: res
Building / Association Information
Living Characteristics
  • Beds Total: 14
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Electricity: $600.00
  • Annual Expenses Source: Owner, Limited Information
  • GOI: $74,880.00
  • Insurance: $2,800.00
  • GRE: $24,697
  • HTE: $6,662
  • RFS: $720
  • NOI: $50,183.00
  • Operating Expense: $24,697.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,140.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 110 State Road East

DateEvent & SourcePriceAppreciation
Dec 2, 2015

Sold

MLS PIN #71868035

$620,000
Sep 19, 2015

Contingent

MLS PIN #71868035

Jul 6, 2015

Listed (Active)

MLS PIN #71868035

$650,000
DateEvent & SourcePrice
12/02/2015

Sold

MLS PIN #71868035

$620,000
09/19/2015

Contingent

MLS PIN #71868035

07/06/2015

Listed (Active)

MLS PIN #71868035

$650,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 110 State Road East

This home is within Ashburnham-Westminster School District.
Rating
School
Type
Grades
Distance
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 1
Rating
School
Distance
Westminster Elementary School
Public2 to 5

Overlook Middle School
Public6 to 8

Oakmont Regional High School
Public9 to 12

Meetinghouse School
PublicPK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Zachary Friedman

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.