1314 Fifth Ave, New Westminster, BC

$4,099,000

Status:

Active

1314 Fifth Ave, New Westminster, BC

Zoning:

Lot Size (sq ft):

RM-2

8712 (66W x132L )

Property Type:

Space Size (sq ft):

Multifamily Investment Property

13200

Approx. Year Built:

1959

Welcome to Southview Apartment
A 16 Unit Multifamily Building Fully Occupied with Excellent Cash Flow

PID: 013-465-503
Legal: LOT 3 OF LOT 17 SUBURBAN BLOCK 7 PLAN 2620

Opportunity to acquire a 16 unit Multifamily Building. consisting of:
10 x 2 bedrooms
5 x 1 bedrooms
1 x bachelor suite
coin operated laundry

3 Story wood frame walk up building with surface parking, newer roof, recent upgrades include hot water tank, exterior paint, lighting, unit improvements: flooring, bathroom, kitchen

Offered at $256,188 per door with current 2021 capitalization rate of 3.39% and proforma of 4.90%. Current NOI $139,025 with upside.

Call for financial details, further information in our property book and to schedule a tour 604.505.6810

At Praedia, every property we market we create an in depth Property Information Booklet, this helps us communicate with you on specific property information related to not only this property but surrounding pertinent details to help with your decision making.  Contact us for this information or any other questions you may have.

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