Multi-family for sale
727 Fourth Avenue, GlenBrooke North, GlenBrooke North, New Westminster
$1,750,000
$1,750,000
Multi-family for sale
727 Fourth Avenue, GlenBrooke North, GlenBrooke North, New Westminster
Features
Year Built
1944
Lot Size
8,154 sqft
Gross Property Tax
$8,018.42 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RM-2
Suite Mix Information
5 x Bachelor/Studio, 4 x 1 ½, 1 x 2 ½
Total no. of Units
10
Description
4+% CAP Rate - an excellent opportunity to acquire a 10-unit rental apartment building, situated just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers significant rental-revenue upside thanks to its prime location and potential for income growth. RM-2 Zoning allows low-rise apartment development up to 1.8 FSR.
MLS® Number C8075255