17,820 ft²Multifamily$8,250,000Sale
NAI Apartments is pleased to offer the opportunity to acquire a 29-unit apartment building in New Westminster on Blackford Street, between Sixth and Seventh Streets. The building is professionally managed and has undergone several renovations throughout recent years. Over $500,000 has been spent on building improvements to Key Manor. Investment Highlights and Building Upgrades • Replace Mansard Roofing* (January 2020) *Photos show old roof • Exterior painting • Over 60% of suites renovated with new appliances • Common area upgrades with new flooring, paint, and lighting • Upgraded boiler and hot water tank Suite Renovations - Key Manor has implemented its suite renovation program on 18 out of 29 suites (62% of total suites). The purchaser has an opportunity to renovate the balance of 11 suites.