411 Third Avenue, New Westminster, British Columbia V3L 2S3 (22567114)

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411 Third Avenue New Westminster, British Columbia V3L 2S3

10 Bedroom 11 Bathroom 6343 sqft

$3,988,800

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:41104)

Property Details

MLS® Number R2515379
Property Type Single Family
Amenities Near By Shopping
Features Central Location

Building

Bathroom Total 11
Bedrooms Total 10
Amenities Shared Laundry
Appliances Refrigerator, Stove
Basement Development Finished
Basement Features Unknown
Basement Type Full (finished)
Constructed Date 1912
Fireplace Present No
Size Interior 6343 Sqft

Land

Acreage No
Land Amenities Shopping
Size Frontage 97 Ft
Size Irregular 17667
Size Total 17667 Sqft
Size Total Text 17667 Sqft

https://www.realtor.ca/real-estate/22567114/411-third-avenue-new-westminster

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