JUST SOLD – Fully renovated apartment complex in the city of New Westminster – 1210 Seventh ave
Total Lot Size: 8164 sqft
Total Suites : 16 Units
Lot Dimensions: 66 x 123.7
Property Taxes 2017: $11,961
Date Sold: June 2018
Date Published: October 15, 2018
Year Built: 1960
Asking Price: $5,760,000
SOLD Price: $5,650,000
Renovated apartment building in New Westminster. The building was redone and fully tenanted. The property came with an over 4% CAP rate and some room for rents to increase. Turnkey investment income with very low 10-year assumable mortgage. The building has 11 one bedroom units and 5 two bedroom units and comes with views of the Fraser River and the Valley.
Property is located in close proximity to transit and only 5 minutes from the park.
We are looking for further apartment buildings to sell to our clients. If you own an apartment building in the Lower Mainland get in touch with Eni at 778 371 1534