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Sumas, WA, 98295 • 98295 • Whatcom County
$156/sqft
7,672Sqft
0.34 acLot
1993Built
Sumas
98295
Outdoor Living
Wall to Wall Carpet
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857 days on market
Established listing
$156/sqft
Price per square foot
Multi Family · Built 1993
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.
Based on current rates
Est. 6.19% rate · 30yr fixed · $957,600 loan
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3 schools rated nearby
Sumas, WA, 98295
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Sumas, WA • Whatcom County
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Based on information submitted to the MLS GRID as of 2026-04-07 05:33:27 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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