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837 Garden Green Pl 6 Unit Apartment Building $3,421,975 CAD ($570,329 CAD/Unit) 5.17% Cap Rate Sultan, WA 98294



Executive Summary
Discover the perfect investment opportunity with the Sultan 6-Plex, a thoughtfully designed townhouse complex that offers both comfort and convenience. This multi-family property features four spacious 2-bedroom, 2-bath units and three generous 3-bedroom, 2.5-bath units, ensuring ample living space.
Each unit comes equipped with a two-car garage, providing tenants with the ease of parking and extra storage. Nestled in the thriving community of Sultan, this property boasts an enviable location that is experiencing rapid growth, making it an attractive option for renters seeking a vibrant neighborhood.
With its easily rented units and appealing amenities, the Sultan 6-Plex not only promises a steady income stream but also enhances your portfolio's value. Don’t miss out on this exceptional opportunity to invest in a flourishing area where demand is on the rise. Take action now—schedule a viewing and secure your future in real estate today!
Each unit comes equipped with a two-car garage, providing tenants with the ease of parking and extra storage. Nestled in the thriving community of Sultan, this property boasts an enviable location that is experiencing rapid growth, making it an attractive option for renters seeking a vibrant neighborhood.
With its easily rented units and appealing amenities, the Sultan 6-Plex not only promises a steady income stream but also enhances your portfolio's value. Don’t miss out on this exceptional opportunity to invest in a flourishing area where demand is on the rise. Take action now—schedule a viewing and secure your future in real estate today!
Property Facts
| Price | $3,421,975 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $570,329 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 5.17% | Building Size | 7,618 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 16 | No. Stories | 3 |
| No. Units | 6 | Year Built | 2009 |
| Property Type | Multifamily | Parking Ratio | 1.84/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MD | ||
| Price | $3,421,975 CAD |
| Price Per Unit | $570,329 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 16 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 7,618 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | MD |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Carpet
- Yard
- Deck
- Double Pane Windows
- Patio
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $3,011 CAD | 1,150 |
| 3+2.5 | 2 | $3,148 CAD | 1,350 |
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Property Taxes
| Parcel Number | 280832-003-124-00 | Improvements Assessment | $1,527,913 CAD |
| Land Assessment | $452,589 CAD | Total Assessment | $1,980,502 CAD |
Property Taxes
Parcel Number
280832-003-124-00
Land Assessment
$452,589 CAD
Improvements Assessment
$1,527,913 CAD
Total Assessment
$1,980,502 CAD
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