Description
Fantastic opportunity. 4-plex in Sumas. Currently in a state of disrepair. Buy & fix. Rents are easily $1200, similar units owned by Seller in Sumas are renting at $1250. The estimated projected Cap Rate is 8.5% and the fix up cost are estimated at $150k. This can be a updated new 4-plex for $500,000 to $550,000. The units are all ground floor, level access. Nice open layout. Single level is not only great for tenants but also for easy maintenance of the exterior and roof. Large lot and plenty of parking, with 12 spaces plus off street as well. Flood insurance is $2588 per year and is included in the expenses for determination of Capitalization Rate. Flippers, investors and even homeowners- this is a one-of-a-kind opportunity investment!!
Location
Nearby Schools
Sumas ElemElementary School
Nooksack Vly MidMiddle School
Nooksack Vly HighHigh School
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Courtesy of: Keller Williams Western Realty The database information herein is provided from the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2022 NWMLS. Updated: 5th July, 2022 5:20 AM (UTC)
