Log In/Sign Up
Your email has been sent.
Boon Townhomes 1205 Boon St 16 Unit Apartment Building $3,920,000 ($245,000/Unit) 5.61% Cap Rate Sumas, WA 98295
Investment Highlights
- Modern Units: Attractive townhome style 3 bedroom, 2.5 bathroom units
- Attractive Financing Options Available: Contact Listing Broker to discuss attractive financing options that include reduced interest rates and a 35 ye
- Immediate Rental Upside: 8.32% increase in potential rent based on currently achieved levels
Executive Summary
Discover an exceptional investment opportunity in Sumas, WA. This modern
multifamily property, built in 2020, features 16 units offering a lucrative venture for
low-rise/garden investors. With contemporary design and superior construction, this
property represents a high-quality addition to any investment portfolio. Located in
the thriving Sumas area, this opportunity presents the ideal combination of modern
comfort and prime location. Average rents are currently 8.35% below highest
achieved rent. In addition, there are attractive financing options offering lower
interest rates and a 35 amortization schedule. Don't miss out on the chance to
acquire a coveted asset in this flourishing market.
multifamily property, built in 2020, features 16 units offering a lucrative venture for
low-rise/garden investors. With contemporary design and superior construction, this
property represents a high-quality addition to any investment portfolio. Located in
the thriving Sumas area, this opportunity presents the ideal combination of modern
comfort and prime location. Average rents are currently 8.35% below highest
achieved rent. In addition, there are attractive financing options offering lower
interest rates and a 35 amortization schedule. Don't miss out on the chance to
acquire a coveted asset in this flourishing market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,920,000 | Property Subtype | Apartment |
| Price Per Unit | $245,000 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.61% | Lot Size | 0.92 AC |
| Gross Rent Multiplier | 11.67 | Building Size | 19,120 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2020 |
| Price | $3,920,000 |
| Price Per Unit | $245,000 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 11.67 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 19,120 SF |
| No. Stories | 2 |
| Year Built | 2020 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 16 | $1,749 | 1,195 |
1 1
Property Taxes
| Parcel Number | 400402-090543-0000 | Total Assessment | $3,608,997 |
| Land Assessment | $236,605 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,372,392 | Tax Year | 2025 |
Property Taxes
Parcel Number
400402-090543-0000
Land Assessment
$236,605
Improvements Assessment
$3,372,392
Total Assessment
$3,608,997
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Boon Townhomes | 1205 Boon St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.