Listed by Windermere Real Estate / Skagit Valley
$1,035,000
Stanwood 6
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,768
Cap Rate 6.25%
NOI $64,662
Occupancy 100%
Price per SqFt $217
Class B
Year Built 1952
Year Renovated 2021
Buildings 1
Stories 2
Ownership Stanwood 6 LLC
Sale Condition 1031 exchange
Multifamily | 6.25% CAP
Marketing description
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.
Investment highlights
Well maintained units.
Strong rental history.
Close to downtown Stanwood, medical, schools, retail and restaurants.
Listing Contacts
Listed by Windermere Real Estate / Skagit Valley
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,662.00
$5,388.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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