Multi Family

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1207 FOURTH Avenue
Uptown NW New Westminster V3M 1T8

$7,500,000
Multi-Family Commercial

Main Photo: 1207 FOURTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8037378
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8037378
Build. Type:
Low Rise (2-4 stories)
The current rental market is very active and tight with less than 1% vacancy rate. The rental rate for one bedrooms are between $1000 to $1300. The building has 29 one bedrooms & the rates are between $615 to $1200. There are a lot of upside potential or rental rates. Designated phone II re development by city of New Westminster.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Concrete Block, Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
33
# Storeys:
0.0
Year built:
1954 (Age: 67)
Total Floor Area:
25,020 sq. ft.
Land Use/Zoning:
RM-2 RS-2
Taxes:
$29,079.56 / 2020
# Elevators:
0
HVAC:
Common Water Heater
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
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Previous Price:
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  • Photo 1: 1207 FOURTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8037378
    Photo 1 of 1
Listed by CM Realty & Properties Ltd.
Data was last updated April 18, 2021 at 01:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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