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SOLD 12/2/2015

110 State Rd E, Westminster, MA 01473$620,000

14
beds
8.5
baths
5800
ft2
· 104731
ft2 lot
$107 / ft2

Listing provided courtesy of Listing Broker: Zachary Friedman, William Raveis R.E. & Home Services
Source MLS PIN;
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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.

HOA

$—/month

On market

3 months

Year built

1978

Property type

5 9 Family

Parking

1

MLS

71868035

Price / Sq.Ft.

$107 / ft2

Status

Sold

Home details for 110 State Rd E

Interior Features & Layout
Rooms Info
•   
Common Rooms: Living Room, Kitchen, Laundry
•   
Total Levels: 5, 8, 5
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 1, 1
•   
Total Levels Unit 3: 2, 1
•   
Total Levels Unit 4: 1
•   
Total Rooms Unit 1: 3
•   
Total Rooms Unit 2: 3
•   
Total Rooms Unit 3: 4
•   
Total Rooms Unit 4: 4
•   
Total Rooms: 18, 11, 18
Appliances
•   
Hot Water: Natural Gas
Flooring
•   
Unit 4 Floor Level: 2
Interior Features
•   
Interior Features: Cable TV Available, Wall to Wall Carpet
Bedrooms Info
•   
Total Beds: 14
•   
Unit 4 Beds: 2
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 1
•   
Unit 1 Beds: 1
Bathrooms Info
•   
Full Baths: 8, 8
•   
Half Baths: 1, 1
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Heating & Cooling
•   
Cooling Common: Window AC
•   
Heating Details: Gas
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 7
Property Type
•   
Property Type: 5-9 Family
•   
Mls Prop Type: 5-9 Family
•   
Mls Property Type: Multi-family
Parking Info
•   
Garage Spaces: 1
•   
Parking Descriptions: Off-Street, Guest, Paved Driveway
Community Features
•   
Area Amenities: Park, Walk/Jog Trails, Golf Course, Conservation Area, Highway Access, Public School, Other (See Remarks)
Lot Info
•   
Zoning: res
•   
Lot Description: Wooded, Paved Drive
•   
Acres: 2.40
Building Info
•   
Sqft Source: Owner
•   
Square Ft. Disclosure: Approx. living area is a combined estimate of both buildings and has not been measured or verified.
•   
Foundation: Poured Concrete
•   
Year Built Description: Approximate
•   
Lead Paint: Unknown
•   
Year Built Source: Owner
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Other
•   
Hte: 6662
Utilities
•   
Electric: 600
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 2800
•   
Fin Code: Conv. Fixed
•   
Finances Source: Owner Provided, Limited Information
•   
Apod Available
Listing Info
•   
Offline Listing Number: 2131468
•   
Status: Sold
Lease Info
•   
Gross Revenue: 24697
•   
Gross Income: 74880
•   
Net Operating Income: 50183
•   
Monthly Rent Unit 1: 775
•   
Monthly Rent Unit 2: 725
•   
Monthly Rent Unit 3: 840
•   
Monthly Rent Unit 4: 840
•   
Lease 3
•   
Lease 4
•   
Total Rent: 6140
•   
Rfs: 720
Tax/Assessment Info
•   
Tax Year: 2015
•   
Assessed Value: 453400.00
•   
Taxes: 8592.00
•   
Apn: M:91 B: L:24
Listing Contacts
•   
Selling Agent: CN200544
School Neighborhood & Directions
Location
•   
Street Number: 110
•   
Map Book: 1239
•   
Map Page: 419
•   
Directions: 110 State Road E Westminster, MA 01473
•   
Zip Code +4: 1231
Other
Other
•   
Main So: K95580
Calculation
•   
Price Per Sqft: 106.90
•   
List Price Per Sqft: 112.07
•   
Sold Price Per Sqft: 106.90
•   
Cdom Property: 106
•   
Cdom Broker: 106
•   
Cdom: 106

Neighborhood snapshot

11
Properties for sale
19
Median days on market
$225.93
Median sold price/sqft
104.83%
Sold/List %
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Property History for 110 State Rd E

12/02/2015
12/02/2015
MLS PIN #71868035
sold
MLS PIN #71868035
$620,000

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