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Sunnyside Sands 621 7th St 40 Unit Apartment Building $3,500,000 ($87,500/Unit) 6.03% Cap Rate Hoquiam, WA 98550
Executive Summary
Sunnyside Sands Apartments is a well-maintained 40-unit garden-style community built in 1975 in Hoquiam. Offering two-bed, and one-bed unit floor plans, Residents have quick access to US-12, major employers in Hoquiam and Aberdeen, creating a practical neighborhood setting. The property has received $173,000 in recent capital improvements.
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 | $3,500,000 | Apartment Style | Garden |
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Cap Rate | 6.03% | Building Size | 33,600 SF |
| Gross Rent Multiplier | 7.28 | No. Stories | 2 |
| No. Units | 40 | Year Built | 2008 |
| Property Type | Multifamily | Parking Ratio | 1.79/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C2 | ||
| Price | $3,500,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 7.28 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 33,600 SF |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $920.00 | 675 |
| 2+1 | 24 | $995.00 | 966 |
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Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 051804600400 | Total Assessment | $2,509,380 |
| Land Assessment | $201,240 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,308,140 | Tax Year | 2025 |
Property Taxes
Parcel Number
051804600400
Land Assessment
$201,240
Improvements Assessment
$2,308,140
Total Assessment
$2,509,380
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Sunnyside Sands | 621 7th St
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