- $4,998,800
- 411 THIRD AVENUE New Westminster, BC V3L 2S3
- 10 bd
- 11 full ba
- 6,343 sqft
- 97.00 X 175 lot
Neighborhood Info
Multi-Family in New Westminster
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.
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10 Beds
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11 Full Bath
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6,343 Sq. Ft.
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97.00 X 175 Lot
Main Features
- Listing Status: Active
- Year Built: 1912
- Floors: 2
- Full Bath: 11
- Taxes: $12,710.97
- Tax Year: 2019
- Subdivision: Queens Park
- MLS® Number:R2515379