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STANWOOD 6 UNIT COMPLEX 27229 102nd Ave NW 6 Unit Apartment Building $1,349,333 CAD ($224,889 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 |
$116,454
|
$14.47
|
| Other Income |
$3,099
|
$0.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$119,553
|
$14.85
|
| Taxes |
$8,602
|
$1.07
|
| Operating Expenses |
$19,875
|
$2.47
|
| Total Expenses |
$28,477
|
$3.54
|
| Net Operating Income |
$91,076
|
$11.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,454 |
| Annual Per SF | $14.47 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,099 |
| Annual Per SF | $0.38 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,553 |
| Annual Per SF | $14.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,602 |
| Annual Per SF | $1.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,875 |
| Annual Per SF | $2.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,477 |
| Annual Per SF | $3.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $91,076 |
| Annual Per SF | $11.31 |
Property Facts
| Price | $1,349,333 CAD | Property Subtype | Apartment |
| Price Per Unit | $224,889 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 | $1,349,333 CAD |
| Price Per Unit | $224,889 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 | $1,546 CAD | - |
| 1+1 | 4 | $1,690 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 | $1,041,327 CAD (2026) |
| Land Assessment | $453,771 CAD (2026) | Annual Taxes | $8,602 CAD ($1.07 CAD/SF) |
| Improvements Assessment | $587,556 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
320324-003-015-00
Land Assessment
$453,771 CAD (2026)
Improvements Assessment
$587,556 CAD (2026)
Total Assessment
$1,041,327 CAD (2026)
Annual Taxes
$8,602 CAD ($1.07 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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