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$4.47 million for Chilliwack multi-family investment

The 51-unit complex has a gross annual revenue of $420,000
Williams St property
The Chilliwack property was brokered by HomeLife Glenayre Realty agent Rick Toor.
Price: $4,470,000
No. of Units: 51
Price/Unit: $87,647
Lot Size: 37,581
Property Type: Multi-family
Zoning: R5
2015 B.C. Assessment Value: $3,574,000
Date of Sale: 10/15/16
City: Chilliwack
Province: B.C.
Name of Brokerage: HomeLife Glenayre Realty 
 
A 51-unit apartment building in Chilliwack has sold for $4.47 million, Rick Toor of HomeLife Glenayre Realty tells Western Investor.  
 
The multi-family complex features 39 one-bedroom units and 12 two-bedroom suites. The investment property has a gross annual revenue of over $420,000 and sold for a little under $1 million above its most recent B.C. Assessment value. 
 
The apartments are located at 9482 Williams St. in Chilliwack. 
 

 

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