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STANWOOD 6 UNIT COMPLEX 27229 102nd Ave NW 6 Unit Apartment Building $1,406,565 CAD ($234,427 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 |
$112,362
|
$13.96
|
| Other Income |
$2,990
|
$0.37
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,352
|
$14.33
|
| Taxes |
$8,299
|
$1.03
|
| Operating Expenses |
$19,177
|
$2.38
|
| Total Expenses |
$27,476
|
$3.41
|
| Net Operating Income |
$87,876
|
$10.92
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $112,362 |
| Annual Per SF | $13.96 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,990 |
| Annual Per SF | $0.37 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $115,352 |
| Annual Per SF | $14.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,299 |
| Annual Per SF | $1.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,177 |
| Annual Per SF | $2.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,476 |
| Annual Per SF | $3.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $87,876 |
| Annual Per SF | $10.92 |
Property Facts
| Price | $1,406,565 CAD | Property Subtype | Apartment |
| Price Per Unit | $234,427 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 | $1,406,565 CAD |
| Price Per Unit | $234,427 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 | $1,492 CAD | - |
| 1+1 | 4 | $1,631 CAD | - |
1 1
Property Taxes
| Parcel Number | 320324-003-015-00 | Total Assessment | $978,743 CAD (2025) |
| Land Assessment | $432,443 CAD (2025) | Annual Taxes | $8,299 CAD ($1.03 CAD/SF) |
| Improvements Assessment | $546,300 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
320324-003-015-00
Land Assessment
$432,443 CAD (2025)
Improvements Assessment
$546,300 CAD (2025)
Total Assessment
$978,743 CAD (2025)
Annual Taxes
$8,299 CAD ($1.03 CAD/SF)
Tax Year
2024
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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STANWOOD 6 UNIT COMPLEX | 27229 102nd Ave NW
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