$999,000
About this home
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!
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $6,623
- Utilities
- $709
- Transportation
- $107
- Other (entertainment)
- $157
Quick facts
At a glance
Home features
Neighborhood — 01473
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 4,227 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 36.00% | 7.00% | 20.00% |
| Population Density | 114 | 786 | — |
| Male | 2,106 | 3,127,134 | 147,432,321 |
| Female | 2,121 | 3,317,797 | 151,655,844 |
| Never Married | 702 | 1,612,885 | 63,775,926 |
| Married | 2,251 | 2,586,314 | 123,120,365 |
| Separated | 41 | 247,857 | 12,639,686 |
| Widowed | 184 | 363,594 | 15,467,586 |
| Divorced | 213 | 436,888 | 23,075,029 |
| Number Of House Hold | 1,530 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.76 | 2.56 | 2.60 |
| Medial Age | 38.98 | 37.25 | 35.46 |
| Median House Hold Income | $65,332 | $57,698 | $48,276 |
| Average House Hold Income | $70,750 | $75,023 | $63,629 |
| P C I | $25,719 | $29,196 | $24,529 |
| M D I | $54,150 | $48,105 | $41,133 |
| A T H E | $55,553 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 64.88% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 4/11/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.