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STANWOOD 6 UNIT COMPLEX 27229 102nd Ave NW 6 Unit Apartment Building $1,035,000 ($172,500/Unit) 6.25% 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 | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$82,680
|
$10.27
|
| Other Income |
$2,200
|
$0.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,880
|
$10.54
|
| Taxes |
$6,107
|
$0.76
|
| Operating Expenses |
$14,111
|
$1.75
|
| Total Expenses |
$20,218
|
$2.51
|
| Net Operating Income |
$64,662
|
$8.03
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $82,680 |
| Annual Per SF | $10.27 |
| Other Income | |
|---|---|
| Annual | $2,200 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,880 |
| Annual Per SF | $10.54 |
| Taxes | |
|---|---|
| Annual | $6,107 |
| Annual Per SF | $0.76 |
| Operating Expenses | |
|---|---|
| Annual | $14,111 |
| Annual Per SF | $1.75 |
| Total Expenses | |
|---|---|
| Annual | $20,218 |
| Annual Per SF | $2.51 |
| Net Operating Income | |
|---|---|
| Annual | $64,662 |
| Annual Per SF | $8.03 |
PROPERTY FACTS
| Price | $1,035,000 | Property Subtype | Apartment |
| Price Per Unit | $172,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.25% | 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 | $1,035,000 |
| Price Per Unit | $172,500 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| 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 | $1,098 | - |
| 1+1 | 4 | $1,200 | - |
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PROPERTY TAXES
| Parcel Number | 320324-003-015-00 | Total Assessment | $719,500 (2025) |
| Land Assessment | $317,900 (2025) | Annual Taxes | $6,107 ($0.76/SF) |
| Improvements Assessment | $401,600 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
320324-003-015-00
Land Assessment
$317,900 (2025)
Improvements Assessment
$401,600 (2025)
Total Assessment
$719,500 (2025)
Annual Taxes
$6,107 ($0.76/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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STANWOOD 6 UNIT COMPLEX | 27229 102nd Ave NW
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