9372 Fletcher Street, Chilliwack.pdf
APARTMENT BUILDING BUILDING SUMMARY
FOR SALE LOWER LONSDALE
9372
1285 Martin Street, White Rock
Featuring 9 renovated suites 8 - 1 Bedroom 1 - 3 Bedroom
Fletcher Street Chilliwack, BC
ASKING PRICE
$798,000 $88,667 per unit
48 SUITES
Bill Goold | James Blair | Patrick McEvay | David Venance
CONTACT PATRICK MCEVAY FOR DETAILED INFORMATION 604. 263. 2823 | [email protected]
Each office is independently owned and operated.
410 – North Tower , 650 West 41st Avenue Vancouver, BC V5Z 2M9
BUILDING SUMMARY
CIVIC ADDRESS 9372 Fletcher Street, Chilliwack, BC V2P 4Z2
LEGAL DESCRIPTION 005-678-773 LOT 5 BLOCK 15 DIVISION "E" NEW WESTMINSTER DISTRICT PLAN 1737 SUITE MIX 8 - 1 Bedroom 1 - 3 Bedroom 9 Units ZONING R6 – High Density Multi-Family Residential LOT SIZE 8,712 sq. ft. CONSTRUCTED 1963
9372 FLETCHER STREET, CHILLIWACK
PROPERTY HIGHLIGHTS “North Start Apartment” is a renovated two-storey, 9 unit wood frame building located in central Chilliwack. It was built in 1963 and has undergone major renovations in 2012. The site is rectangular shape with a total area of 8,712 sq. ft. with approximate 66 feet along Fletcher Street and 132 feet along Victoria Avenue. It is zoned as R6 (High Density Multi-family). The site is immediately adjacent to commercial establishments. UPGRADES • New roof, windows, siding, electrical and plumbing • New appliances, floors, paint and light fixtures
PROPERTY TAXES 2013 $4,707.22
ASSESSMENT 2013 Land $ 200,000 Improvements $ 510,000 Total $ 710,000
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.
PHOTOS
9372 FLETCHER STREET, CHILLIWACK
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.
RENT ROLL & FINANCIAL SUMMARY
9372 FLETCHER STREET, CHILLIWACK
April 2014 Unit Number 101 102 103 104 201 202 203 204 205
Unit Type 1 Bedroom 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom Total (9 Units)
Actual Rent $ 600 850 600 650 650 650 600 650 650 $ 5,900
Period Ending December 2013 Annual Revenue Rental Income ($5,900 x 12 months)
$
Laundry (estimated $15/unit)
2013 70,800
1,620
Gross Income
72,420
Less: Vacancy Rate (CMHC 2013 Fall)
(3,042)
Total Annual Effective Income
$
69,378
Annual Expenses Hydro
1,211
Gas
4,714
Insurance
9,080
Property Tax
5,178
Water | Sewer
2,205
Repair and Maintenance (normalized)
4,500
Total Expenses
26,888
Net Income
42,490
Capitalization Rate
Expense Ratio Purchase Price Price Per Unit
5.32%
$ $
37% 798,000 88,667
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.
LOCATION
9372 FLETCHER STREET, CHILLIWACK
This property is located in Chilliwack which is an hour drive south east from Downtown The building and neighbourhood attributes will ensure Vancouver and less than 30 minutes The buildingmarket and neighbourhood attributes ensure away from the Huntingdon Border consistent value appreciation, with will continuing Crossing to enter the USA. The low vacancies and steady rental income growth. rapidly growing community of 84,000 people voted unanimously Subject to adopt a redevelopment concept Property put forward by the Downtown Plan Implementation Committee. As part of this concept, the City is actively pursuing improvements to downtown Chilliwack, which will continue to positively impact the value of this investment property. This property is located in the Yale Road East Downtown area, a 4 minute walk from central downtown Chilliwack, Bole & Fletcher Park is located only 1 block away! It is in proximity to Central Elementary School and Chilliwack Secondary School as well as a variety of retail shops, restaurants, services and public transportation is readily available. Chilliwack amenities include: Chilliwack Heritage Park, Chilliwack Museum & Archives and the Fraser Valley Regional Library.
Subject Property
Offering all the benefits of natural surroundings, rural setting, family oriented neighborhoods and the convenience and facilities of a vibrant urban core this Chilliwack property ensures a positive cash flow.
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.
FOR SALE LOWER LONSDALE
9372
1285 Martin Street, White Rock
Featuring 9 renovated suites 8 - 1 Bedroom 1 - 3 Bedroom
Fletcher Street Chilliwack, BC
ASKING PRICE
$798,000 $88,667 per unit
48 SUITES
Bill Goold | James Blair | Patrick McEvay | David Venance
CONTACT PATRICK MCEVAY FOR DETAILED INFORMATION 604. 263. 2823 | [email protected]
Each office is independently owned and operated.
410 – North Tower , 650 West 41st Avenue Vancouver, BC V5Z 2M9
BUILDING SUMMARY
CIVIC ADDRESS 9372 Fletcher Street, Chilliwack, BC V2P 4Z2
LEGAL DESCRIPTION 005-678-773 LOT 5 BLOCK 15 DIVISION "E" NEW WESTMINSTER DISTRICT PLAN 1737 SUITE MIX 8 - 1 Bedroom 1 - 3 Bedroom 9 Units ZONING R6 – High Density Multi-Family Residential LOT SIZE 8,712 sq. ft. CONSTRUCTED 1963
9372 FLETCHER STREET, CHILLIWACK
PROPERTY HIGHLIGHTS “North Start Apartment” is a renovated two-storey, 9 unit wood frame building located in central Chilliwack. It was built in 1963 and has undergone major renovations in 2012. The site is rectangular shape with a total area of 8,712 sq. ft. with approximate 66 feet along Fletcher Street and 132 feet along Victoria Avenue. It is zoned as R6 (High Density Multi-family). The site is immediately adjacent to commercial establishments. UPGRADES • New roof, windows, siding, electrical and plumbing • New appliances, floors, paint and light fixtures
PROPERTY TAXES 2013 $4,707.22
ASSESSMENT 2013 Land $ 200,000 Improvements $ 510,000 Total $ 710,000
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.
PHOTOS
9372 FLETCHER STREET, CHILLIWACK
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.
RENT ROLL & FINANCIAL SUMMARY
9372 FLETCHER STREET, CHILLIWACK
April 2014 Unit Number 101 102 103 104 201 202 203 204 205
Unit Type 1 Bedroom 3 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom Total (9 Units)
Actual Rent $ 600 850 600 650 650 650 600 650 650 $ 5,900
Period Ending December 2013 Annual Revenue Rental Income ($5,900 x 12 months)
$
Laundry (estimated $15/unit)
2013 70,800
1,620
Gross Income
72,420
Less: Vacancy Rate (CMHC 2013 Fall)
(3,042)
Total Annual Effective Income
$
69,378
Annual Expenses Hydro
1,211
Gas
4,714
Insurance
9,080
Property Tax
5,178
Water | Sewer
2,205
Repair and Maintenance (normalized)
4,500
Total Expenses
26,888
Net Income
42,490
Capitalization Rate
Expense Ratio Purchase Price Price Per Unit
5.32%
$ $
37% 798,000 88,667
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.
LOCATION
9372 FLETCHER STREET, CHILLIWACK
This property is located in Chilliwack which is an hour drive south east from Downtown The building and neighbourhood attributes will ensure Vancouver and less than 30 minutes The buildingmarket and neighbourhood attributes ensure away from the Huntingdon Border consistent value appreciation, with will continuing Crossing to enter the USA. The low vacancies and steady rental income growth. rapidly growing community of 84,000 people voted unanimously Subject to adopt a redevelopment concept Property put forward by the Downtown Plan Implementation Committee. As part of this concept, the City is actively pursuing improvements to downtown Chilliwack, which will continue to positively impact the value of this investment property. This property is located in the Yale Road East Downtown area, a 4 minute walk from central downtown Chilliwack, Bole & Fletcher Park is located only 1 block away! It is in proximity to Central Elementary School and Chilliwack Secondary School as well as a variety of retail shops, restaurants, services and public transportation is readily available. Chilliwack amenities include: Chilliwack Heritage Park, Chilliwack Museum & Archives and the Fraser Valley Regional Library.
Subject Property
Offering all the benefits of natural surroundings, rural setting, family oriented neighborhoods and the convenience and facilities of a vibrant urban core this Chilliwack property ensures a positive cash flow.
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.
