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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

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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!

Property Facts

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

Property Taxes

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
  • Listing ID: 35760428

  • Date on Market: 2025-05-06

  • Last Updated:

  • Address: 837 Garden Green Pl, Sultan, WA 98294

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