CHILLIWACK
CHILLIWACK
7325 Vedder Road, Chilliwack $1,100,000 11 Unit Commercial Mix Apartment Building Suite Mix 9-1 Bedroom 2 Commercial (1 u/a)
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY 7325 Vedder Road, Chilliwack
This three storey building is located in Sardis, close to all amenities, freeway and Cultus Lake, and has 2 commercial units and 9 residential one bedroom units. The first level is concrete and cinderblock foundation with the second and third levels wood frame. It has stucco exterior and a tar and gravel roof. The building has been recently upgraded with all new emergency lights and back up batteries and push bar doors to fire code. It has new double glazed windows and balconies, and a new calibrated with sensor boiler system to control the heating. The walkway and entry flooring has all been recently done with commercial grade tiles and the meters have all been changed and upgraded as well as new panel boxes. There are also 11 parking stalls, 4 which are covered. The main floor has the 2 commercial units and one residential suite. The other two floors have 4 units each and range in size from approximately 500 to 700 square feet. A couple of the units have recently been totally renovated. Each tenant has a storage locker. There is a McLane furnace which is 7 years old, and a Rheem hot water tank for the domestic hot water. Units have intercom, in suite heat controls, smoke and heat detectors, baseboard radiant heat, and new doors and windows. The kitchens have arborite counter tops, tile or vinyl flooring, hood fans, new lighting, and most have flow through kitchens. The bathrooms have vinyl or tile flooring, tub surrounds and vents. Some of the units have spectacular mountain views.
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
PROPERTY INFORMATION 7325 Vedder Road, Chilliwack Legal Description:
PID: 009-991-417 Plan NWP 14674 Lot D Dl 38 Land District 36 Group 2
Property Taxes:
2012
$9,356.69
Assessments:
2013
$ 194,500 Land 899,200 Improvements $1,093,700
Zoning:
CS 1
Constructed:
1969
Lot Size:
.146 acres (6,359 s.f.)
Suite Mix:
9
- 1 Bedroom
2
- Commercial (1 unauthorized)
11
Units Total
Chattels:
9 fridges, 9 stoves
Financial Encumbrances:
Treat as Clear Title
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
FINANCIAL SUMMARY 7325 Vedder Road, Chilliwack
Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (4.1%)
$
82,986 1,980 (3,484)
Total Annual Gross Revenue $
81,482
Annual Expenses
Actual 2011
Bank Charges License Insurance Property Tax Repairs & Maintenance (estimated) Utilities
$
480 120 3,080 8,487 6,600 8,780
Total Annual Expenses Total Annual Net Revenue
$ $
27,547 53,935
Capitalization Rate
5%
Expense Ratio
33.80 %
Purchase Price
$
1,100,000
Price Per Unit
$
100,000
Actual 2011 rental income is $62,401
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – March 2013 7325 Vedder Road, Chilliwack
Unit Number
Unit Type
100 101 102 201 202 203 204 301 302 303 304
Commercial Commercial One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom
TOTAL
Monthly Rent $
583 472.50 670 630 630 660 670 650 670 650 630
$
6,915.50
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
LOCATION 7325 Vedder Road, Chilliwack
$1,100,000
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
7325 Vedder Road, Chilliwack $1,100,000 11 Unit Commercial Mix Apartment Building Suite Mix 9-1 Bedroom 2 Commercial (1 u/a)
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY 7325 Vedder Road, Chilliwack
This three storey building is located in Sardis, close to all amenities, freeway and Cultus Lake, and has 2 commercial units and 9 residential one bedroom units. The first level is concrete and cinderblock foundation with the second and third levels wood frame. It has stucco exterior and a tar and gravel roof. The building has been recently upgraded with all new emergency lights and back up batteries and push bar doors to fire code. It has new double glazed windows and balconies, and a new calibrated with sensor boiler system to control the heating. The walkway and entry flooring has all been recently done with commercial grade tiles and the meters have all been changed and upgraded as well as new panel boxes. There are also 11 parking stalls, 4 which are covered. The main floor has the 2 commercial units and one residential suite. The other two floors have 4 units each and range in size from approximately 500 to 700 square feet. A couple of the units have recently been totally renovated. Each tenant has a storage locker. There is a McLane furnace which is 7 years old, and a Rheem hot water tank for the domestic hot water. Units have intercom, in suite heat controls, smoke and heat detectors, baseboard radiant heat, and new doors and windows. The kitchens have arborite counter tops, tile or vinyl flooring, hood fans, new lighting, and most have flow through kitchens. The bathrooms have vinyl or tile flooring, tub surrounds and vents. Some of the units have spectacular mountain views.
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
PROPERTY INFORMATION 7325 Vedder Road, Chilliwack Legal Description:
PID: 009-991-417 Plan NWP 14674 Lot D Dl 38 Land District 36 Group 2
Property Taxes:
2012
$9,356.69
Assessments:
2013
$ 194,500 Land 899,200 Improvements $1,093,700
Zoning:
CS 1
Constructed:
1969
Lot Size:
.146 acres (6,359 s.f.)
Suite Mix:
9
- 1 Bedroom
2
- Commercial (1 unauthorized)
11
Units Total
Chattels:
9 fridges, 9 stoves
Financial Encumbrances:
Treat as Clear Title
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
FINANCIAL SUMMARY 7325 Vedder Road, Chilliwack
Annual Revenue
Current
Rental Income (Rents x 12) Laundry (Estimated) Less Vacancy Rate (4.1%)
$
82,986 1,980 (3,484)
Total Annual Gross Revenue $
81,482
Annual Expenses
Actual 2011
Bank Charges License Insurance Property Tax Repairs & Maintenance (estimated) Utilities
$
480 120 3,080 8,487 6,600 8,780
Total Annual Expenses Total Annual Net Revenue
$ $
27,547 53,935
Capitalization Rate
5%
Expense Ratio
33.80 %
Purchase Price
$
1,100,000
Price Per Unit
$
100,000
Actual 2011 rental income is $62,401
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
RENT ROLL – March 2013 7325 Vedder Road, Chilliwack
Unit Number
Unit Type
100 101 102 201 202 203 204 301 302 303 304
Commercial Commercial One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom
TOTAL
Monthly Rent $
583 472.50 670 630 630 660 670 650 670 650 630
$
6,915.50
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
LOCATION 7325 Vedder Road, Chilliwack
$1,100,000
BILL GOOLD or PATRICK MCEVAY 604-263-2823 [email protected] RE/MAX BILL GOOLD REALTY 410 North Tower, 650 West 41st Avenue Vancouver, BC V5Z 2M9
PHONE 604-263-2823 FAX 604-263-1057 BILLGOOLDREALTY.COM
Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Selling Apartment Buildings as if they were our own!
