Just Listed – Fully Renovated Apartment Building in New Westminster – 1210 Seventh Ave.

Address: 1210 Seventh Ave. New Westminster, BC

Total Lot Size: 8164 sqft
Total Suites : 16 Units
Lot Dimensions: 66 x 123.7
Property Taxes 2017: $11,961

Year Built: 1960

Asking Price: $5,760,000

Outstanding turn key income opportunity that has been completely renovated and 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. In suite washer. New flooring, new kitchens, new bathrooms, new carpets in common area and much more.

Over 4% cap rate and assumable 10 year mortgage at a low rate.

HIGHLIGHTS

– Highly Desirable Location in New Westminster

-4 Minute Drive to New Westminster Skytrain Station

– 11 Minutes to Skytrain by bus

– Completely Renovated Building

-Fully occupied

-4.14% Cap Rate

-Fantastic River Views