404 Front Street, Sumas, WA 98295
- $2,850,000
- 14,196
- SqFt
Listing courtesy of Muljat Group.
- List Price
- $2,850,000
- Status
- ACTIVE
- MLS#
- 2551532
- Days on Market
- 21
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 14,196
- Area Total SqFt
- 14196
- Annual Tax Ammount
- 10835
- Lot Size (sq ft)
- 24,829
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-07-08 20:46:17
- Community
- Sumas
- Net Operating Income
- $203,309
- Gross Adjusted Income
- $275,568
- Gross Scheduled Income
- $280,800
- Total Monthly Income
- $23,900
- Insurance Expenses
- $12,145
- Water/Sewer/Garbage Expenses
- $16,200
- Gross Rent Multiplier
- 10.15
- Total Expenses
- $72,258
- Cap Rate
- 7.13
- Vacancy Rate
- 4
- Total Number of Units
- 12
- Unit Name
- 404
- Potential Terms
- Cash, Conventional
- Year Built
- 2019
- Roof
- Built-Up
- Electric Expenses
- 300
- Other Expenses
- 32778
- Energy Source
- Electric
- School District
- Nooksack Valley
- Elementary School
- Sumas Elem
- Middle School
- Nooksack Vly Mid
- High School
- Nooksack Vly High
- Total Monthly Income
- $23,900
- Gross Scheduled Income
- $280,800
- Vacancy Rate
- 4
- Gross Adjusted Income
- $275,568
- Tax Year
- 2026
- Insurance Expense
- $12,145
- W/S/G Expenses
- $16,200
- Total Expenses
- $72,258
- Net Operating Income
- $203,309
- Gross Rent Multiplier
- 10.15
- Cap Rate
- 7.13
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.