Log In/Sign Up
Your email has been sent.
St. Michelle Apartments 329 7th St 21 Unit Apartment Building $3,842,596 USD ($182,981 USD/Unit) 4.81% Cap Rate New Westminster, BC V3M 3K9
Investment Highlights
- Full suite and lobby renovations
- Breaker panels in each suite
- Landscaping
- Exterior refurbishment and painting
- Energy efficient lighting throughout building common areas & suites
- New appliances in renovated suites
Executive Summary
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.
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.
Property Facts Under Contract
| Price | $3,842,596 USD | Apartment Style | Low-Rise |
| Price Per Unit | $182,981 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 4.81% | Building Size | 18,468 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | RM-2 | ||
| Price | $3,842,596 USD |
| Price Per Unit | $182,981 USD |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 18,468 SF |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 17 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
St. Michelle Apartments | 329 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.