JUST SOLD – Fully renovated apartment complex in the city of New Westminster – 1210 Seventh ave

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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.

 

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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

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