1205 Boon St - Apartments FOR SALE


Sumas, WA 98295
$3,920,000 USD
360-319-1649
1205 Boon St, Sumas, WA for Sale
$3,920,000 USD
Apartments - FOR SALE
1/19
null | 5.61% Cap Rate

1205 Boon St
Sumas, WA 98295


HIGHLIGHTS

  • Modern Units: Attractive townhome style 3 bedroom, 2.5 bathroom units
  • Immediate Rental Upside: 8.32% increase in potential rent based on currently achieved levels
  • Attractive Financing Options Available: Contact Listing Broker to discuss attractive financing options that include reduced interest rates and a 35 ye

OVERVIEW

Discover an exceptional investment opportunity in Sumas, WA. This modern multifamily property, built in 2020, features 16 units offering a lucrative venture for low-rise/garden investors. With contemporary design and superior construction, this property represents a high-quality addition to any investment portfolio. Located in the thriving Sumas area, this opportunity presents the ideal combination of modern comfort and prime location. Average rents are currently 8.35% below highest achieved rent. In addition, there are attractive financing options offering lower interest rates and a 35 amortization schedule. Don't miss out on the chance to acquire a coveted asset in this flourishing market.

FOR SALE DETAILS

PRICE

$3,920,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

16

PRICE/UNIT

$245,000

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boon Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

400402-090543-0000

ASK ABOUT THIS PROPERTY

Cory WalkenSperry Commercial Global Affiliates - CapstoneMore Info
360-319-1649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cory WalkenSperry Commercial Global Affiliates - CapstoneMore Info
360-319-1649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.