Multi-family for sale
9452 Fletcher Street, Chilliwack Proper East, Chilliwack Proper East, Chilliwack
$1,740,000
$1,740,000
Multi-family for sale
9452 Fletcher Street, Chilliwack Proper East, Chilliwack Proper East, Chilliwack
Features
Year Built
1957
Floor Area
5,830 sqft
Lot Size
7,841 sqft
Gross Property Tax
$5,666.78 /year
Building Type
Mul Tenant/MultiPlex (5+)
Building / Complex Name
Summerwind Apartments
Zoning
R1-A
# of Parking Spaces
5
Subject Property Width
119 ft
Subject Property Depth
65 ft
Amenities
Alarm System, Laundry Facility
Suite Mix Information
6 x 1 ½, 1 x 2 ½, 1 x 3 ½
Description
Summerwind Apartments offers investors an excellent opportunity to acquire an 8-unit building with consistent rental history. Situated on a 7,841 square foot corner lot in a highly desirable central location; close to local amenities, transportation and shopping. Built in 1957, this well-maintained building offers a significant 55% upside on rents with tenant turnover in an area experiencing low vacancy rates. Complete with a newly constructed, tastefully built-out, 2-bedroom unit, that is ready for immediate rent-up. The property has been continually upgraded and maintained, ensuring long-term sustainability and minimizing overall deferred maintenance. This compelling investment is a solid choice for investors seeking strong returns and long-term growth.
MLS® Number C8075790