412 Front St - Apartments FOR SALE


Sumas, WA 98295
$2,850,000 USD
360-820-2000
412 Front St, Sumas, WA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/20
null | 7.13% Cap Rate

412 Front St
Sumas, WA 98295


OVERVIEW

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)

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

12

PRICE/UNIT

$237,500

CAP RATE

7.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RH

APN/PARCEL ID

410435-102010-0000,410435-108010-0000,410435-114010-0000

ASK ABOUT THIS PROPERTY

Troy MuljatMuljat Group CommercialMore Info
360-820-2000

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Troy MuljatMuljat Group CommercialMore Info
360-820-2000

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