Real Estate Investment:  2 Bed Condo in Abbotsford - 119 30525 CARDINAL AVENUE

About This Property                               

Incredible short term furnished rental opportunity.  Currently cash flowing over $1,700 / month.    

Welcome home to this  2 bedroom ground floor corner suite with a huge private patio. Tamarind Westside offers a private setting with all amenities at your footsteps, walking distance to High Street Mall, minutes away from Abbotsford airport, restaurants, recreation, movie theatre, schools, parks, coffee shops, Walmart and banks. Close to public transportation and freeway access to Hwy 1 & Mt. Lehman, an easy commute to Langley, Surrey and Vancouver. This spacious unit comes with in-suite laundry, electric fireplace, kitchen island, quiet exposure from the patio, 1 secure underground parking and 1 locker. All furniture included.

** Currently rented short term for $3,300 per month.  Previous short term tenant paid $4,000 / month **  

Features

  • Built in 2009
  • 702 SQFT
  • 2 bed 1 bath suite
  • 1 Parking
  • 1 Locker
  • No Rental Restrictions

Asking Price: $327,900

Initial Cash Required: $74,000

Monthly Cash Flow: $127 - $1,679  (short vs. long term tenants)

Annual ROI: 26%   (w/ Long Term Renters)

Profit after 10 Years: $193,000  (w/ Long Term Renters)

   

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