46324 Margaret Avenue
  • Chilliwack, BC, V2P 2H1

8 Bed
4 Bath
3704 SqFt
Property Description:
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.
Property Overview
Lot Size 66 ft x 122 ft (8050 ft²)
Property Age Built in 1967 (50 yrs old)
Gross Taxes for 2015 $3,671
Area Chilliwack Proper
Sub-Area/Community Chilliwack E Young-Yale
Property Type Fourplex
Title Freehold NonStrata
Depth 122
Frontage 66
Listing ID R2126505
Primary Agent Kelly Fry PREC*
Primary Broker Keller Williams Elite (Mplrd)
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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.