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    FOR SALE
    Apartment buildings

    1205 Boon St, Sumas, WA 98295

    Built 2020
    Entity Owned 4-yr Hold
    Property ID
    US90-0568473
    1205 Boon St, Sumas, WA 98295 For Sale 1 / 38
    $3,920,000
    1205 Boon St, Sumas, WA 98295
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    Property summary
    AI-generated overview

    Discover an exceptional investment opportunity in Sumas, WA. This modern multifamily property, built in 2020, features 16 townhome 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 city of Sumas, this opportunity presents the ideal combination of modern design and prime location. Average rents are currently 8.35% below highest achieved rent. In addition, there are attractive financing options offering lower interest rates, 35 amortization schedule and reduced down payment. Don't miss out on the chance to acquire a coveted asset in this flourishing market. Attractive Seller Financing Available 16 Large Modern Townhome Units Built in 2020 Prime Sumas location

    Property profile
    Verified
    Property type Apartment buildings
    Year built 2020
    UPID US90-0568473
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Lakeway Ventures LLC · 4 yrs held
    Lakeway Ventures LLC
    since 2022
    2 recorded transactions
    2022
    $4.5M
    2022
    —
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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