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).
| Address |
404 ROYAL AVENUE |
| List Price |
$2,850,000 |
| Property Type |
Multifamily |
| Type of Dwelling |
Fourplex |
| Style of Home |
2 Storey |
| Area |
New Westminster |
| Sub-Area |
Downtown NW |
| Bedrooms |
12 |
| Bathrooms |
8 |
| Floor Area |
5,208 Sq. Ft. |
| Lot Size |
6468 Sq. Ft. |
| Year Built |
1979 |
| MLS® Number |
R2819578 |
| Listing Brokerage |
Oakwyn Realty Ltd.
|
| Basement Area |
Crawl |
| Postal Code |
V5Y 2B1 |
| Zoning |
RM6A |
| Tax Amount |
$8,671 |
| Tax Year |
2022 |
