Type of Comm.
The Homestead Apartments, an incredible investment opportunity in the beautiful town of Westminster. Offering a country setting with highway access for commuters. Unique 8 unit multi family that is made up of 7 one bedroom units, and an attached 3 bedroom home. The attached single family could be owner occupied, while renting the 7 units. The units have undergone many recent updates including mechanicals, flooring . Current rents are well below market rates, rents have not been increased since 2010. 7 of the units are heated with gas, one with oil. Heat, electric is separate to each unit. Hot water is included in 6 of the units rents, 2 units have separate hot water. There is ample off street parking, and a three car detached garage with maintenance room. Future additional potential development for multi family dwellings! Showings will be held on Tuesdays between 2:00 and 4:00 PM. The attached single family home is available for November occupancy! Call today to schedule a showing!!
Lot Size: 937,411.00
List Price: $595,000
Type of Comm.: 5+ Residential
Year Built: 1920
Lot Size: 937,411.00
Parking Spaces: 10
Parking Features: Garage, 11-20 Spaces, Paved Driveway
Roof Material: Membrane, Shingle
Location: Suburban, Highway Access
Utilities: Public Water, Private Sewer
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $224,900
Assessed Land Value: $166,850
Gross Annual Expenses: $20,865
Gross Annual Income: $61,800
Tax Year: 2018
Net Operating Income: $40,935
Lease Price Includes: Other (See Remarks)
Total Assesed Value: $391,750
Zone Description: Legal Conforming
Residential Sq. Ft.: 6,741
Residential Units: 8
Disclosure Declaration: No
Disclosure: Buyers / Buyers agents to do their due diligence. A portion of the land is currently in 61A and is in the process of being removed. The owner may need time to remove several storage trailers from the property after closing.
For Lease: Yes
Lease Type: Other (See Remarks)
Space Available: For Sale
The listing office is A & E Realty Company and the listing agent is Anthony J. Evangelista. The property listing data and information, or the images, 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, 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. and it's 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. The data was last modified on 12/18/2018 2:44:00 PM.