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1320 FIFTH Avenue
Uptown NW New Westminster V3M 1Z2

$4,600,000
Multi-Family Commercial

Main Photo: 1320 FIFTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8046628
Photo 1: 1320 FIFTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8046628
Photo 2: 1320 FIFTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8046628
Photo 3: 1320 FIFTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8046628
Photo 4: 1320 FIFTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8046628
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Photo 31: 1320 FIFTH Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8046628
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8046628
Build. Type:
Low Rise (2-4 stories)
NEW PRICE! Opportunity to acquire a fully renovated 13 unit Multifamily Building in New Westminster, all 2 large bedrooms. Fully Occupied, Excellent Cash Flowing Opportunity being offered at 3.82% capitalization rate with 4.45%+ Proforma. 3 Story wood frame walk up building with surface parking, new roof, recent upgrades include boiler system, hot water tank, exterior paint, lighting. All units fully updated and no deferred maintenance. Share sale possible for potential PTT savings! Enquire to schedule a tour and further details including Property Book with financials, survey, inspection report, environmental phase 1 and more.
Sale Type:
Asset
Construction:
Concrete, Wood Frame, Mixed
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Bldgs:
1
# Units:
13
# Other Units:
# of Appartments:
13
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
0
# of 2 Bedroom Appartments:
13
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1963 (Age: 59)
Total Floor Area:
11,973 sq. ft.
Lot Area:
8,712 sq. ft.
Lot Depth:
66
Lot Frontage:
132'
Land Use/Zoning:
RM-2
Permitted Use:
Multifamily (5+)
Taxes:
$18,689 / 2021
Laundry Facility, Paved Yard
# Elevators:
0
Services Connected:
Cable, Curb; Gutter, Electricity, Fully Serviced, Garbage Collection, Natural Gas, Paved Streets, Telephone, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Baseboard, Electric, Separate Controls
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Magsen Realty Inc.
Data was last updated October 3, 2022 at 01:10 PM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.