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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 |
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Boon Townhomes | 1205 Boon St
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