Kane Cheng | PREC

Sutton Group WestCoast Realty

778-855-8450

My Office Listings

1210 SEVENTH Avenue
West End NW New Westminster V3M 2J7

$5,760,000
Multi-Family Commercial

Main Photo: 1210 SEVENTH Avenue in New Westminster: West End NW Multi-Family Commercial for sale : MLS®# C8017575
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8017575
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Outstanding turn key income opportunity that has been completely renovated & fully occupied. Incredible views of the Fraser River and Valley. Nothing to do here other than collect steady investment income in a prime location in New Westminster. Full upgrades including all new windows, newer roof, gutted & redone interior of all suites. Every unit comes with insuite laundry. New flooring, new kitchens, new bathrooms, new carpets common area. Over 4% cap rate & assumable 10 yr mortgage at a low rate. Rent increases due on 10 units bringing in an additional $6,480 per year in Gross Revenue. Potential Cap at 4.26% - Virtual Tour at https://player.pixilink.com/14946
Sale Type:
Share
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
16
# Storeys:
3.0
Year built:
1960 (Age: 58)
Land Use/Zoning:
RT-1A
Taxes:
$11,961.46 / 2017
HVAC:
Baseboard, Hot Water, Radiant
Env Assmt Phase:
None
Net Operating Income:
$238,897
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Joel Korn and Eni Mece PREC* of Sutton Group-West Coast Realty
Listing information last updated on May 12, 2018 at 04:29 AM (UTC)

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