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STANWOOD 6 UNIT COMPLEX 27229 102nd Ave NW 6 Unit Apartment Building $1,426,747 CAD ($237,791 CAD/Unit) 6.25% Cap Rate Stanwood, WA 98292

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INVESTMENT HIGHLIGHTS

  • Charming Complex
  • Carports with storage
  • Lots of natural light

EXECUTIVE SUMMARY

Charming 6 Plex in Stanwood
Units 1,2,6 are fully remodeled with new kitchens, baths and flooring
Units 3 & 5 are partial remodels.
Unit 4 - new flooring
4 - 1 bed 1 bath units and 2 - Studios
Carports, storage and shared laundry.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $113,974 $14.16
Other Income $3,033 $0.38
Vacancy Loss - -
Effective Gross Income $117,007 $14.54
Taxes $8,418 $1.05
Operating Expenses $19,452 $2.42
Total Expenses $27,871 $3.46
Net Operating Income $89,137 $11.07

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $113,974
Annual Per SF $14.16
Other Income (CAD)
Annual $3,033
Annual Per SF $0.38
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $117,007
Annual Per SF $14.54
Taxes (CAD)
Annual $8,418
Annual Per SF $1.05
Operating Expenses (CAD)
Annual $19,452
Annual Per SF $2.42
Total Expenses (CAD)
Annual $27,871
Annual Per SF $3.46
Net Operating Income (CAD)
Annual $89,137
Annual Per SF $11.07

PROPERTY FACTS

Price $1,426,747 CAD
Price Per Unit $237,791 CAD
Sale Type Investment
Cap Rate 6.25%
Sale Condition 1031 Exchange
Gross Rent Multiplier 12.95
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.34 AC
Building Size 8,050 SF
No. Stories 2
Year Built/Renovated 1952/2024
Zoning MB1

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Storage Space
  • Heating
  • Kitchen
  • Refrigerator
  • Range

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Storage Space
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 2 $1,513 CAD -
1+1 4 $1,654 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
320324-003-015-00
Land Assessment
$434,719 CAD (2025)
Improvements Assessment
$549,176 CAD (2025)
Total Assessment
$983,895 CAD (2025)
Annual Taxes
$8,418 CAD ($1.05 CAD/SF)
Tax Year
2024
  • Listing ID: 37465043

  • Date on Market: 2025-08-29

  • Last Updated:

  • Address: 27229 102nd Ave NW, Stanwood, WA 98292

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