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STANWOOD 6 UNIT COMPLEX 27229 102nd Ave NW 6 Unit Apartment Building $1,433,382 CAD ($238,897 CAD/Unit) 6.25% Cap Rate Stanwood, WA 98292



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.
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 |
$114,504
|
$14.22
|
| Other Income |
$3,047
|
$0.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,551
|
$14.60
|
| Taxes |
$8,458
|
$1.05
|
| Operating Expenses |
$19,542
|
$2.43
|
| Total Expenses |
$28,000
|
$3.48
|
| Net Operating Income |
$89,551
|
$11.12
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,504 |
| Annual Per SF | $14.22 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,047 |
| Annual Per SF | $0.38 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,551 |
| Annual Per SF | $14.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,458 |
| Annual Per SF | $1.05 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,542 |
| Annual Per SF | $2.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,000 |
| Annual Per SF | $3.48 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,551 |
| Annual Per SF | $11.12 |
PROPERTY FACTS
| Price | $1,433,382 CAD | Property Subtype | Apartment |
| Price Per Unit | $238,897 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.25% | Lot Size | 0.34 AC |
| Sale Condition | 1031 Exchange | Building Size | 8,050 SF |
| Gross Rent Multiplier | 12.95 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1952/2024 |
| Property Type | Multifamily | ||
| Zoning | MB1 | ||
| Price | $1,433,382 CAD |
| Price Per Unit | $238,897 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 | $1,520 CAD | - |
| 1+1 | 4 | $1,662 CAD | - |
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PROPERTY TAXES
| Parcel Number | 320324-003-015-00 | Total Assessment | $1,015,215 CAD (2025) |
| Land Assessment | $448,557 CAD (2025) | Annual Taxes | $8,458 CAD ($1.05 CAD/SF) |
| Improvements Assessment | $566,658 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
320324-003-015-00
Land Assessment
$448,557 CAD (2025)
Improvements Assessment
$566,658 CAD (2025)
Total Assessment
$1,015,215 CAD (2025)
Annual Taxes
$8,458 CAD ($1.05 CAD/SF)
Tax Year
2024
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STANWOOD 6 UNIT COMPLEX | 27229 102nd Ave NW
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