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Dave Parker, Personal Real Estate Corporation  |  Betty Champ, REALTORĀ®


5.2% Cap Rate - Helena Apartments is a 4 storey, 22 unit rental apartment building located in a good area of Chilliwack within walking distance of shopping, recreational facilities, hospital and is on a bus route. In the last month, the building boiler heating system has been replaced. There is common laundry facilities and tenant storage on every floor. Building maintenance has been performed on a proper schedule, without deferral - the building is in very good condition. Property management is done on site and the typical tenant is elderly, allowing for passive ownership with few tenant hassles. Heat & hot water is provided to the tenants and there is revenue upside when new tenants come into the building. * PREC - Personal Real Estate Corporation (id:27)

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