SOLD

46324 Margaret Avenue

Fourplex For Sale in Chilliwack E Young-Yale, Chilliwack

$670,000
  • Built 1967

Beautiful Cash Flowing Queen! Fully renovated 4 plex that is separately metered and tenants pay their own utilities. Fully tenanted and professionally managed with $ 3,775 of rent coming in for a total of $45,300 per annum. Management fee is 8% of rent and insurance cost is currently $3,600 per year. Cash flow is over $600 per month assuming a 25% down payment and an interest rate of 2.69% on a 30 year term. Rent is $3,775 - 2,126.31 mortgage - 302 property management - 300 insurance - property tax of 301.42 - 170 for water = $575.27 positive! Rents to increase 3.7% on March 1st, 2017.

Address 46324 Margaret Avenue
List Price 670,000
Sold Price $670,000
Sold Date February 2017
Property Type Multifamily
Type of Dwelling Fourplex
Area Chilliwack
Sub-Area Chilliwack E Young-Yale
Year Built 1967
MLS® Number R2126505
Listing Brokerage Re/max Performance Realty