9452 Fletcher St - Apartments FOR SALE


Chilliwack, BC V2P 4Z5
$1,890,000 CAD
778-998-4663
9452 Fletcher St, Chilliwack, BC for Sale
$1,890,000 CAD
Apartments - FOR SALE
1/16
null | 3.9% Cap Rate

9452 Fletcher St
Chilliwack, BC V2P 4Z5


OVERVIEW

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 record 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.

FOR SALE DETAILS

PRICE

$1,890,000 CAD

PRICE/SF

$324 CAD /SF

# OF UNITS

8

PRICE/UNIT

$236,250

CAP RATE

3.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerwind Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R1-A

APN/PARCEL ID

012329401

ASK ABOUT THIS PROPERTY

Chris HayneRoyal LePage City CentreMore Info
778-998-4663

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Chris HayneRoyal LePage City CentreMore Info
778-998-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.