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.
|Lot Size||66 ft x 122 ft (8050 ft²)|
|Property Age||Built in 1967 (50 yrs old)|
|Gross Taxes for 2015||$3,671|
|Sub-Area/Community||Chilliwack E Young-Yale|
|Primary Agent||Kelly Fry PREC*|
|Primary Broker||Keller Williams Elite (Mplrd)|
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.