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Rutherford Manor 31624 W Rutherford St 6 Unit Apartment Building $1,499,950 ($249,992/Unit) 3.76% Cap Rate Carnation, WA 98014
EXECUTIVE SUMMARY
Fantastic six-plex apartment building on an oversized corner lot, located in the emerging city of Carnation. (3) 2 bedroom units and (3) 1 bedroom units. Onsite common area laundry, ample parking available. Long term tenants, all month to month. Roof age is approximately 15 years old, all upper decks have been replaced. Great location, great opportunity. A rare Eastside find and a solid investment!
DATA ROOM Click Here to Access
- Title and Insurance
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,499,950 | Apartment Style | Low-Rise |
| Price Per Unit | $249,992 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 3.76% | Building Size | 3,936 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 97% |
| Gross Rent Multiplier | 15.98 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 3.05/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R7.2, Carnation | ||
| Price | $1,499,950 |
| Price Per Unit | $249,992 |
| Sale Type | Investment |
| Cap Rate | 3.76% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.98 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 3,936 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 3.05/1,000 SF |
| Zoning | R7.2, Carnation |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
- Double Pane Windows
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,255 | - |
| 1+1 | 3 | $1,195 | - |
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PROPERTY TAXES
| Parcel Number | 865830-2975 | Total Assessment | $923,000 |
| Land Assessment | $272,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $650,300 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
865830-2975
Land Assessment
$272,700
Improvements Assessment
$650,300
Total Assessment
$923,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Rutherford Manor | 31624 W Rutherford St
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