1814 Carol
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1814 Carol
4 Unit Apartment Building $1,074,977 ($268,744/Unit) 6.50% Cap Rate Deer Park, WA 99006
Executive Summary
This newly built 4-unit townhome complex is located in fast-growing Deer Park! Each unit is 2 Bedroom, 2 Bathroom with main great open floorplan and 9 Ft Ceilings throughout. Each unit has a main floor primary bedroom with an En Suite. New White Shaker kitchen cabinets, quartz countertops, stainless steel appliances, tiled bathrooms, high-efficiency mini-split Zonal heating, and air conditioning. Each unit comes with an attached garage and one additional covered carport space. There is guest parking, and the property is fully landscaped with a sprinkler system. It is located near schools downtown and at the end of a cul-de-sac. It is a great turnkey investment opportunity, 100% occupied, with little maintenance on this newer building, and a solid cap rate.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,074,977 | Apartment Style | Low Rise |
| Price Per Unit | $268,744 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 5,300 SF |
| Cap Rate | 6.50% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 0.38/1,000 SF |
| Price | $1,074,977 |
| Price Per Unit | $268,744 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.29 AC |
| Building Size | 5,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 0.38/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,760 | 1,325 |
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PROPERTY TAXES
| Parcel Number | 28012.1207 | Total Assessment | $718,320 (2024) |
| Land Assessment | $74,520 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $643,800 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
28012.1207
Land Assessment
$74,520 (2024)
Improvements Assessment
$643,800 (2024)
Total Assessment
$718,320 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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1814 Carol
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