UNBEATABLE INVESTMENT OPPORTUNITY! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, nearly 10,000 sq.ft of living area, 10 self contained suites (Four studios & Six 1 bdrms), plus one caretaker suite (studio), plus separate five stall garage building. Separately metered for all utilities. Low maintenance costs of approx 10% of gross income. Low property tax. 3 laneways converging at rear of property. Updates incl new roof in 2006, newer HE boiler system, all electrical & copper piping done in 90's, clean environmental phase 1. Approx $213,000 of NET INCOME. Priced at a 5.45% cap rate. Currently accepting best offers over list price. 2020 AACI conservatively appraised at $4.7M. Clean Quick closing offers are given First priority.
- Price:
- $4,998,800
- Bedrooms:
- 10
- Full Baths:
- 11
- Square Footage:
- 6,343
- Acreage:
- 0.41
- Year Built:
- 1912
- Listing ID #:
- R2515379
- Street Address:
- 411 Third Avenue
- City:
- New Westminster
- Province:
- British Columbia
- Postal Code:
- V3L 2S3
- Community:
- New Westminster
- Subarea:
- Queens Park
- Listing Status:
- Active
- Age Of Dwelling:
- 108
- Stories:
- 2
- Total Building Square Footage:
- 6343
- Year Built:
- 1912
- Lot Square Footage:
- 17667.00
- Title Type:
- Freehold Nonstrata
- Property Taxes:
- $12,710
- Tax Year:
- 2019
- Listing Provided By The Firm Real Estate Services Ltd.
