Unit Number
CHILLIWACK 9396 Nowell Street, Chilliwack
$639,000 10 Unit Apartment Building Suite Mix 9 – 1 Bedroom 1 – 2 Bedroom BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
BUILDING SUMMARY 9396 Nowell Street, Chilliwack
The “Thunderbird Apartments” is a three storey walk up building with stucco exterior and is located in Chilliwack’s town centre area. Walking distance to shops and services this building caters to mature tenants and has many long term residents. With 9-1 Bedroom and 1-2 Bedroom units, this building is easy to self manage. The building has a 5 year old torched on roof, covered carport parking for 8 vehicles, and storage lockers for each unit. There is central hot water heat and a new back up boiler on site. Many of the windows have been recently replaced. Features include a fire alarm system and an on site manager’s office. Suites have a combination of tile, linoleum and carpet flooring. There are separate meters in each unit and the tenants pay their own cable. This is a great opportunity for a small investor
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
RENT ROLL – April 2009 9396 Nowell Street, Chilliwack Unit Number 101 102 201 202 203 204 301 302 303 304 TOTAL
Unit Type 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 650 495 500 500 500 500 550 525 500 500 $5,220
Rent increases are due June 2009.
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
FINANCIAL SUMMARY 9396 Nowell Street, Chilliwack Annual Revenue Rental Income Less Vacancy Rate (3%) Total Annual Gross Revenue
Actual Jan – Dec 2008 $62,640 (1,879)
Annual Expenses Business License Garbage Gas Hydro Insurance Property Taxes & Licenses Repairs & Maintenance (est 5%) Management Fees (est 5%) Utilities Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio
$60,761 120 1,042 7,159 657 2,446 4,811 3,132 3,132 2,918
$25,417 $35,344 5.53% 41.83%
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
PROPERTY INFORMATION 9396 Nowell Street, Chilliwack
Legal Description:
Lot 7 Block 12 LD 36 Sec DIVE Plan 7687
Suite Mix – 10 Units Total
9-1 Bedroom 1-2 Bedroom 1 Office
Chattels:
10 fridges, 10 stoves 1 washer, 1 dryer
Zoning:
Multifamily Apartment Block
Lot Size:
8,712 s.f.
Property Taxes 2008:
$4,811.95
Assessments 2008:
Land $130,000 Improvements $586,000 Total $716,000
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
LOCATION
9396 Nowell Street Chilliwack
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected]
BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
$639,000 10 Unit Apartment Building Suite Mix 9 – 1 Bedroom 1 – 2 Bedroom BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
BUILDING SUMMARY 9396 Nowell Street, Chilliwack
The “Thunderbird Apartments” is a three storey walk up building with stucco exterior and is located in Chilliwack’s town centre area. Walking distance to shops and services this building caters to mature tenants and has many long term residents. With 9-1 Bedroom and 1-2 Bedroom units, this building is easy to self manage. The building has a 5 year old torched on roof, covered carport parking for 8 vehicles, and storage lockers for each unit. There is central hot water heat and a new back up boiler on site. Many of the windows have been recently replaced. Features include a fire alarm system and an on site manager’s office. Suites have a combination of tile, linoleum and carpet flooring. There are separate meters in each unit and the tenants pay their own cable. This is a great opportunity for a small investor
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
RENT ROLL – April 2009 9396 Nowell Street, Chilliwack Unit Number 101 102 201 202 203 204 301 302 303 304 TOTAL
Unit Type 2 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom
Monthly Rent 650 495 500 500 500 500 550 525 500 500 $5,220
Rent increases are due June 2009.
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a guideline.
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
FINANCIAL SUMMARY 9396 Nowell Street, Chilliwack Annual Revenue Rental Income Less Vacancy Rate (3%) Total Annual Gross Revenue
Actual Jan – Dec 2008 $62,640 (1,879)
Annual Expenses Business License Garbage Gas Hydro Insurance Property Taxes & Licenses Repairs & Maintenance (est 5%) Management Fees (est 5%) Utilities Total Annual Expenses Total Annual Net Revenue Capitalization Rate Expense Ratio
$60,761 120 1,042 7,159 657 2,446 4,811 3,132 3,132 2,918
$25,417 $35,344 5.53% 41.83%
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
PROPERTY INFORMATION 9396 Nowell Street, Chilliwack
Legal Description:
Lot 7 Block 12 LD 36 Sec DIVE Plan 7687
Suite Mix – 10 Units Total
9-1 Bedroom 1-2 Bedroom 1 Office
Chattels:
10 fridges, 10 stoves 1 washer, 1 dryer
Zoning:
Multifamily Apartment Block
Lot Size:
8,712 s.f.
Property Taxes 2008:
$4,811.95
Assessments 2008:
Land $130,000 Improvements $586,000 Total $716,000
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected] BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
LOCATION
9396 Nowell Street Chilliwack
BILL GOOLD or ANTHONY KANJER (604) 876-9950 [email protected]
BOB PLOWRIGHT 1-800-830-7175 [email protected]
RE/MAX Bob Plowright Realty Phone: 604-858-7179 1-7300 Vedder Rd. Fax: 604-858-7197 Chilliwack, BC V2R 4G6 www.bobplowright.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
