RE/MAX Crest Realty
#1 RE/MAX Sales Group Worldwide 2009-2011 & 2013-2018
411 Third Avenue New Westminster, British Columbia V3L 2S3
$4,998,800
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. (id:31555)
Property Details
| MLS® Number | C8035107 |
| Property Type | Multi-family |
Building
| Constructed Date | 1912 |
| Fireplace Present | No |
| Size Interior | 6373 Sqft |
Land
| Acreage | No |
| Size Irregular | 17667 |
| Size Total | 17667 Sqft |
| Size Total Text | 17667 Sqft |
| Zoning Description | Rs-1 |
https://www.realtor.ca/real-estate/22567159/411-third-avenue-new-westminster
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Real Estate Board Of Greater Vancouver
The Firm Real Estate Services Ltd.
December 09 2020 11:53:00
