Multi Family

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1207 FOURTH Avenue
Uptown NW New Westminster V3M 1T8

$7,750,000
Multi-Family Commercial

Main Photo: 1207 FOURTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8033349
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8033349
Build. Type:
Low Rise (2-4 stories)
The current rental market is very active and light with less than 1% vacancy rate. The rental rate for one bedrooms are between $1,100 to $1,300. The building has 29 one bedrooms and the rates are between $605 to $1,100. there are a lot of upside potential on rental rates, approx potential annual rental $430,800 as compare to existing $307,000
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
266
Building Type:
Low Rise (2-4 stories)
Year built:
1954 (Age: 66)
Total Floor Area:
0.57 acre(s)
Land Use/Zoning:
RM2
Taxes:
$29,079.56 / 2020
# Elevators:
0
HVAC:
Common Water Heater
Env Assmt Phase:
NONE
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Effective Gross Income:
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Oper. Expenses:
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Tot Gross Sales:
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  • Photo 1: 1207 FOURTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8033349
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Listed by CM Realty & Properties Ltd.
Data was last updated August 13, 2020 at 05:05 PM (UTC)
Bruce Long CCIM, FRI, PREC
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