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October 30, 2014
I have sold a property at 8814 BROADWAY ST in Chilliwack
I have sold a property at 8814 BROADWAY ST in Chilliwack.
Here is an excellent legal R4 rental investment 4 plex well located in Chilliwack on a 88 X 111 ft corner fully serviced lot with gross income $38,400 at full occupancy and approximate net income $25,000 annual with4.7% cap rate including 5% maintenance and 5% vacancy but no management allowance. This building is in excellent condition with excellent tenants. 4 units, 2 - 2 bdrms down and 2 - 3 bdrms upstairs. Tons of upgrades including 10 year old torch on roof, paint, updated bathrooms, vinyl windows and laminate flooring. Easy to manage. You won't find a better 4 plex.