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  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC
  • 1314 5th Avenue, New Westminster, BC

13,200 ft²
Multifamily
$4,099,000
Sale


Data Room Access

Welcome to Southview Apartment A 16 Unit Multifamily Building Fully Occupied with Excellent Cash Flow PID: 013-465-503 Legal: LOT 3 OF LOT 17 SUBURBAN BLOCK 7 PLAN 2620 Opportunity to acquire a 16 unit Multifamily Building. consisting of: 10 x 2 bedrooms 5 x 1 bedrooms 1 x bachelor suite coin operated laundry 3 Story wood frame walk up building with surface parking, newer roof, recent upgrades include hot water tank, exterior paint, lighting, unit improvements: flooring, bathroom, kitchen Offered at current 2021 capitalization rate of 3.39% with proforma of 4.90%. Current $139,025 NOI with upside. View further details at: https://www.praedia.ca/commercial/1314-Fifth-Ave%2C-New-Westminster%2C-BC Call for further information in our Property Book and to schedule a tour 604.505.6810


The Space
Asking Price$4,099,000
Available Space13,200 ft²
Net Operating Income$139025
Property UseInvestment property
ZoningRM-2
Cap Rate3.39%
SourceDirect

The Building - Southview Apartment
Property TypeMultifamily
Floors3
Building Size13,200 ft²
Lot Size8,712 ft²
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