Listed by Muljat Group Commercial
$2,850,000
Turnkey Sumas Multifamily Investment
Details
APN 410435-102010-0000
Property Type Multifamily
Square Footage 14,400
Net Rentable (SqFt) 14,400
Units 12
Cap Rate 4.7%
NOI $134,092
Occupancy 75%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 7.13%
Pro-Forma NOI $203,310
Price per SqFt $198
Year Built 2019
Buildings 3
Lot Size (SqFt) 24,829
Zoning Residential High-Density
Parking Spaces 30 spaces
Parking per 1,000 SqFt 2.08
Investment Type Value Add
Turnkey Sumas Multifamily Investment
Marketing description
12-unit apartment complex (3 fourplexes) in the tight-knit border community of Sumas! Located directly adjacent to Sumas Elementary School in a quiet part of town, but only blocks away from eating and retail establishments on State Route 9, and minutes from the US/Canada border crossing. Units are 3-bed/2.5-bath with fully equipped kitchens, washer/dryer, vinyl and carpeted floors, and outdoor patio. Plenty of on-site parking for tenants. Professionally managed since being built in 2019 with a strong rental history.
Sale includes three addresses and parcels:
404 Front St (Parcel #4104351020100000)
408 Front St (Parcel #4104351080100000)
412 Front St (Parcel #4104351140100000)
Listing Contacts
Listed by Muljat Group Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,092.00
$11,174.33/mo
Valuation Metrics
0
DSCR
4.7%
Cap Rate
4.7%
ROI
Map
Zoning
R-6 ResidentialMulti FamilyResidential High Density
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View all 15 uses
View all 15 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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