427 & 429 Eighth Street, New Westminster

427 & 429 Eighth Street, New Westminster

$4,200,000 - Sold by NAI Commercial

Property Attachments

    SOLD PRICE: $4,200,000

    Description
    We are pleased to offer a 29 unit apartment building in a prime New Westminster location that is approximately one kilometer to the SkyTrain. Half of the units have been renovated with new countertops. appliances, paint, lighting, bathroom vanities. The property has also seen some capital improvements such as:

    • Newer Windows
    • New roof on one building

    Property Details

    Number of Units 29
    Price Per Dooor $144,827
    Capitalization Rate 3.8%
    Net Operating Income $161,451
    Lot Size 110’ x 132’ = 14,520 square feet
    Parking 20 stalls both covered and uncovered

    Suite Mix

    Bachelor 2
    One Bedroom 25
    Two Bedroom 2
    Total 29

    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.

      IF YOU WANT TO STAY AHEAD OF THE MARKET, CLICK HERE