329 7th St - Apartments FOR SALE


New Westminster, BC V3M 3K9
$5,995,000 CAD
778-358-7622
329 7th St, New Westminster, BC for Sale
$5,995,000 CAD
Apartments - FOR SALE
1/9
null | 4.04% Cap Rate

329 7th St
New Westminster, BC V3M 3K9


HIGHLIGHTS

  • Full suite and lobby renovations
  • Exterior refurbishment and painting
  • Breaker panels in each suite
  • Energy efficient lighting throughout building common areas & suites
  • Landscaping
  • New appliances in renovated suites

OVERVIEW

NAI Apartments is pleased to offer the opportunity to acquire a 21-unit apartment building in New Westminster on Seventh Street, between Fourth Avenue and Blackford Street. The St. Michelle building is professionally managed and has undergone several renovations throughout recent years totalling over $300,000. Investment Highlights and Building Upgrades • Full suite renovations • Exterior refurbishment and painting • Lobby renovation • Breaker panels in each suite • Energy efficient lighting throughout building common areas & suites • Landscaping • New appliances in renovated suites Suite Renovations - St. Michelle has implemented its suite renovation program on 14 out of 21 suites (67% of total suites). The purchaser has an opportunity to renovate the balance of 7 suites.

FOR SALE DETAILS

PRICE

$5,995,000 CAD

PRICE/SF

$325 CAD /SF

# OF UNITS

21

PRICE/UNIT

$285,476

CAP RATE

4.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Michelle Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RM-2

APN/PARCEL ID

007-102-305

ASK ABOUT THIS PROPERTY

Terry HardingNAI Commercial VancouverMore Info
778-358-7622

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Terry HardingNAI Commercial VancouverMore Info
778-358-7622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.