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STANWOOD 6 UNIT COMPLEX 27229 102nd Ave NW 6 Unit Apartment Building $1,325,383 CAD ($220,897 CAD/Unit) 6.75% 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 |
$114,387
|
$14.21
|
| Other Income |
$3,044
|
$0.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,431
|
$14.59
|
| Taxes |
$8,449
|
$1.05
|
| Operating Expenses |
$19,522
|
$2.43
|
| Total Expenses |
$27,971
|
$3.47
|
| Net Operating Income |
$89,459
|
$11.11
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,387 |
| Annual Per SF | $14.21 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,044 |
| Annual Per SF | $0.38 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,431 |
| Annual Per SF | $14.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,449 |
| Annual Per SF | $1.05 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,522 |
| Annual Per SF | $2.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,971 |
| Annual Per SF | $3.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,459 |
| Annual Per SF | $11.11 |
Property Facts
| Price | $1,325,383 CAD | Property Subtype | Apartment |
| Price Per Unit | $220,897 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.75% | 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 | $1,325,383 CAD |
| Price Per Unit | $220,897 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| 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 | $1,518 CAD | - |
| 1+1 | 4 | $1,660 CAD | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 320324-003-015-00 | Total Assessment | $1,021,098 CAD (2026) |
| Land Assessment | $444,956 CAD (2026) | Annual Taxes | $8,449 CAD ($1.05 CAD/SF) |
| Improvements Assessment | $576,142 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
320324-003-015-00
Land Assessment
$444,956 CAD (2026)
Improvements Assessment
$576,142 CAD (2026)
Total Assessment
$1,021,098 CAD (2026)
Annual Taxes
$8,449 CAD ($1.05 CAD/SF)
Tax Year
2024
1 of 6
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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