323 Seventh Street, New Westminster, BC

Photo

8,067 ft²
Multifamily
$3,950,000
Sale


James Blair
James Blair
Marcus & Millichap

Visit https://www.spacelist.ca/listings/885885 to download attachments and/or view virtual tours.

The Property has undergone regular capital improvements including new doubleglazed windows, main hot water tank replacement (2019), breaker panels, and upgraded lobby and common areas with new carpet, lighting, and paint. General plumbing upgrades have also been completed throughout. 14 well-appointed bright and spacious suites, most of which have been upgraded with laminate flooring, renovated kitchens and bathrooms, and individual hot water tanks. Tenants are responsible for their own electric baseboard heat.


The Space
Asking Price$3,950,000
Available Space8,067 ft²
Net Operating Income$132013
Property UseMulti family
Cap Rate3.34%
SourceDirect

The Building - The Mayflower
Property TypeMultifamily
Lot Size8,067 ft²
Year Built1954