124 Mitchell Street Sumas, WA 98295

Fantastic opportunity. 4-plex in Sumas. Currently in a state of disrepair. Buy & fix. Projected Rents will be 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 total costs. 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- one-of-a-kind opportunity investment!!