Property 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!