Investor Opportunity! 8.2% (ish) Cap Rate!! Ask price is $149K per Unit. Huge financial upside possibility, these 8 units are already condominimized, if one was to sell separately @ $249K per condo, one would expect an immediate return of an $800K profit. (Less closing costs) Units are 2 bedrooms, 2 Baths, averaging 952 SQFT. If rents averaged $1,250 or $10K per Month / $120K per year. Current rents range in the $1,100 - $1,375 per month range. With a little effort, rent could be closer to $1,450 per month, This would create a 9.76 Cap. Lots of upside! Building is well situated, decent elevation, new construction methods and was not effected in the past Sumas floods. Or- The Condominium Building could be purchased by 8 separate individuals.
Sold
Zillow last checked:
Listing updated:
Bought with:
Ashton Claire Atkinson Dellinger
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2169586
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2023 | Sold | $1,197,000+0.4%$156/sqft |
Source:  NWMLS as distributed by MLS GRID #2169586 Report a problem | ||
| 10/19/2023 | Pending sale | $1,192,000$155/sqft |
Source: NWMLS as distributed by MLS GRID #2169586 Report a problem | ||
| 10/7/2023 | Listed for sale | $1,192,000$155/sqft |
Source: NWMLS as distributed by MLS GRID #2169586 Report a problem | ||
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