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930 Stitch Rd 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 4.61% Cap Rate Lake Stevens, WA 98258
INVESTMENT HIGHLIGHTS
- One of Lake Stevens' most desirable areas
- Two units have been completely renovated
- 2.14 acre level lot
EXECUTIVE SUMMARY
Rare Duplex Opportunity with Lake & Mountain Views on Coveted Stitch Road! Incredible investment or house-hacking opportunity in one of Lake Stevens’ most desirable neighborhoods. Completely renovated duplex sits on a spacious 1.38-acre lot offering privacy, views, and long-term potential. Each unit features 2 bedss and 1.5 baths, providing a total of 4 beds & 3 baths across the property. 3 private garages, in-unit laundry hookups, & separate utilities. Ready for immediate rental income or future value-add possibilities with an unfinished basement & 3rd meter, this property offers exceptional flexibility & upside in a serene, sought-after Lake Stevens setting with lake & mountain views just minutes from shopping, parks, & top-rated schools.
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 | $1,200,000 | Apartment Style | Townhome |
| Price Per Unit | $300,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.34 AC |
| Cap Rate | 4.61% | Building Size | 5,482 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1994/2025 |
| Property Type | Multifamily | Parking Ratio | 2.18/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R4 - Residential | ||
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 5,482 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2025 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | R4 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | $2,450 | 1,147 - 1,175 |
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930 Stitch Rd
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