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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



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 |
$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 | Property Subtype | Apartment |
| Price Per Unit | $237,791 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 | $1,426,747 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 | - |
1 1
PROPERTY TAXES
| Parcel Number | 320324-003-015-00 | Total Assessment | $983,895 CAD (2025) |
| Land Assessment | $434,719 CAD (2025) | Annual Taxes | $8,418 CAD ($1.05 CAD/SF) |
| Improvements Assessment | $549,176 CAD (2025) | Tax Year | 2024 |
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
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STANWOOD 6 UNIT COMPLEX | 27229 102nd Ave NW
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