Bought with RE/MAX Whatcom County, Inc.
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Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $416
Subdivision Mt Vernon Hill
MLS Listing ID 1898827
Sold Date 04/08/22
Style 55 - 5-9 Units
Year Built 1900
Annual Tax Amount $6,205
Lot Size 8,712 Sqft
Property Description
Seven Units + 7.8% CAP Rate. Capitalize on this rental market with Skagit's very low vacancy rate. Located east of the city, just up the hill in a quiet residential area near plenty of employers/commerce including the local hospital, community college and tons of shopping and eateries. The top one bedroom unit enjoys a partial river view and some units have been remodeled/updated with vinyl windows, paint, lighting, and new flooring/carpet. Coin operated laundry in basement and plenty of off street parking. Bus stop is a block away. Fabulous investment for first timers and seasoned investors alike.
Location
State WA
County Skagit
Area 835 - Mount Vernon
Interior
Interior Features Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
Flooring Ceramic Tile, Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked, Stucco
Utilities Available Sewer Connected, Electric, Natural Gas Connected
Waterfront No
View Y/N Yes
View River
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Washington Elementary
Middle Schools Mount Baker Mid
High Schools Mount Vernon High
School District Mount Vernon
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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