1222 Fifth Avenue, New Westminster

1222 Fifth Avenue, New Westminster

$3,200,000 - Sold by NAI Commercial

Property Attachments

    Sale Price: $3,180,000

    Multifamily Property For Sale

    Description

    The subject property is a three-storey wood frame walk-up apartment building with elevator and secured underground parking. The roof is torch-on and approximately 13 years old. The buildings provides tenants with 21 storage lockers and a shared laundry room with 1 washer and 1 dryer. The building is heated with electric heating system. The suites are large in size and offer wall-to-wall carpet and balconies or patio.

    • Large corner lot 140 X 98 = 13,720 square feet
    • Excellent suite mix with large balconies or patio
    • Elevator and secured underground parking
    • Built in 1977
    Property Details
    Sale Price $3,180,000
    Number of Units 23
    Price Per Door $152,381
    Capitalization Rate 4.0%
    Potential Capitalization Rate 4.5%
    Net Operating Income $127,764
    Potential Net Operating Income $144,024
    Lot Size 140’ x 98’ = 13,724 square feet
    Parking 21 secured underground stalls
    Zoning RM-2(Multifamily)
    Year Built 1977
    Suite Mix
    One Bedroom 16
    Two Bedroom 5
    Total 21

    Property on Map

    Property Attachments

      No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

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