Multi-family for sale
404 Royal Avenue, Downtown NW, New Westminster
$2,850,000
$2,850,000
Multi-family for sale
404 Royal Avenue, Downtown NW, New Westminster
Features
Year Built
1979
Floor Area
5,208 sqft
Lot Size
6,534 sqft
Gross Property Tax
$9,731 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RM6A
# of Parking Spaces
8
Subject Property Width
49 ft
Subject Property Depth
132 ft
Amenities
Laundry Facility, Outside Storage
Suite Mix Information
4 x 3 ½, 4 x Other
Total no. of Units
4
Financial Summary
$134,640
Description
TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excellent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation).
MLS® Number C8054811