411 Third Avenue, New Westminster

MLS®: R2502411
6343 Sq.Ft. 11 Baths 10 Beds 17,667 Lot SqFt 1912 Built

Description

UNBEATABLE INVESTMENT OPPORTUNITY! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, 6,373 sq.ft of living area, 10 self contained suites (Four studios & Six 1 bdrms), plus one caretaker suite (studio), plus separate five stall garage building. Separately metered for all utilities. Low maintenance costs of approx 10% of gross income. Low property tax. 3 laneways converging at rear of property. Updates incl new roof in 2006, newer HE boiler system, all electrical & copper piping done in 90's, clean environmental phase 1. Approx $205,000 of NET INCOME. Priced at 5% cap rate. Creative Seller can, if needed provide limited short term vendor financing. Clean Quick closing offers are given first priority.

Taxes (2019): $12,710.97

Amenities

Shared Laundry

Features

Refrigerator Stove