411 Third Avenue, New Westminster Listing #: R2515379

$4,998,800
10 Beds
11 Baths
6,343 Sqft
17,667 Lot SqFt
1912 Built


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.
Taxes (2019): $12,710.97
Amenities: Shared Laundry

Features
  • Refrigerator
  • Stove
Site Influences
  • Central Location
  • Shopping Nearby

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MLS Reciprocity

Listed By: The Firm Real Estate Services Ltd.

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