Multi Family

45699 PATTEN Avenue
Chilliwack W Young-Well Chilliwack V2P 1S3

$2,400,000
Multi-Family Commercial

Main Photo: 45699 PATTEN Avenue in Chilliwack: Chilliwack W Young-Well Multi-Family Commercial for sale : MLS®# C8021864
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8021864
Build. Type:
Low Rise (2-4 stories)
5.2% Cap Rate - Helena Apartments is a 4 storey, 22 unit rental apartment building located in a good area of Chilliwack within walking distance of shopping, recreational facilities, hospital and is on a bus route. In the last month, the building boiler heating system has been replaced. There is common laundry facilities and tenant storage on every floor. Building maintenance has been performed on a proper schedule, without deferral - the building is in very good condition. Property management is done on site and the typical tenant is elderly, allowing for passive ownership with few tenant hassles. Heat & hot water is provided to the tenants and there is revenue upside when new tenants come into the building.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
22
# Storeys:
4.0
Year built:
999 (Age: 1,019)
Land Use/Zoning:
R6
Taxes:
$10,969.92 / 2018
# Elevators:
1
HVAC:
Baseboard, Common Water Heater, Hot Water
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
$123,738
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
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Listed by Royal Lepage Wheeler Cheam
Listing information last updated on October 30, 2018 at 04:06 PM (UTC)
Bruce Long CCIM, FRI