15,681 ft²Multifamily$4,800,000Sale
Prime Downtown Apartment Building for Sale **Location:** 45699 Patten Ave,Chillwack **Price:** $4,800,000 **Property Overview:** Nestled in the heart of Chilliwack's bustling downtown district, this premier apartment building offers a unique investment opportunity. The property features 22 modern units spread across four floors, all designed with contemporary finishes and amenities. This well-maintained building is perfect for investors looking to capitalize on the city's growing rental market. **Location & Neighborhood:** Located in the vibrant downtown area, residents enjoy easy access to Chilliwack's finest dining, shopping, and entertainment options. The building is within walking distance of public transportation, making it convenient for commuters. The area is also known for its excellent schools and parks, appealing to a wide range of tenants. **Unit Features:** - Open floor plans with abundant natural light - Central onsite laundry facilities on each floor - Central heating and air conditioning - Private balconies with city views (select units) - Bike storage **Investment Potential:** With a high occupancy rate and strong demand for rental properties in the area, this apartment building offers a lucrative investment opportunity. The property has been meticulously maintained and upgraded, ensuring minimal immediate capital expenditure. The growing rental demand in downtown Chilliwack promises steady rental income and potential for value appreciation.
**Property Highlights:** - **Total Units:** 22 (12 one-bedroom, 10 two-bedroom) - **Total Floors:** 4 - **Building Size:** 25,000 sq ft - **Lot Size:** 15,681 sq ft - **Year Built:** 1965 circa - **Occupancy Rate:** 95% - **Monthly Gross Income:** 286,152