Plowright & Associates

New property listed in Chilliwack N Yale-Well, Chilliwack

Property Photo: 46019 MELLARD AVE in CHILLIWACK
I have listed a new property at 46019 MELLARD AVE in CHILLIWACK.
Multi-family investment with an advantage. This is an opportunity to acquire a profitable 16 suite building as well as an adjacent multi-family corner lot. The property is in the City of Chilliwack's OCP for 4 storey residential us allowing for 28-54 units per acre and offers a buyer a future development opportunity. The heat and hot water are provided in the rent with hydro individually metered and paid by the tenants. New roof completed in 2009 and the high efficiency gas boilers were installed new in 2004. With new stoves and fridges in units and carpets replaced in the hallways the property is in above average condition and makes it easy for a buyer to purchase and operate with little or no further investment. Note the +/- 5.8% CAP rate based on the asking price.
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1-7300 Vedder Rd Chilliwack British Columbia V2R 4G6 Canada

Plowright & Associates

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