Bought with American Dream R.E. East LLC
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Key Details
Sold Price $1,240,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mt Vernon Hill
MLS Listing ID 2274895
Sold Date 10/02/24
Style 55 - 5-9 Units
Year Built 1975
Annual Tax Amount $8,755
Lot Size 0.363 Acres
Property Description
Seize the chance to own this 6-plex in the heart of Mount Vernon. All units are currently leased, providing you with immediate rental income & stress-free investment. New roof in 2023. Each unit is 2 bedrooms, 1 bath, approx. 800 sq. ft. Tenants enjoy the convenience of an on-site laundry facility (possibility for additional income) With a solid 5.6% cap rate, this property is a strong addition to any investment portfolio. Whether you’re an experienced investor aiming to diversify or newcomer seeking reliable entry into the market, this 6-plex combines stability with growth potential. Located near Skagit Valley Hospital, Mount Vernon HS, parks, shopping, & more, this property is perfectly positioned to attract & retain quality tenants
Location
State WA
County Skagit
Area 835 - Mount Vernon
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet
Flooring Ceramic Tile, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Deck, Fenced-Partially, Patio
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
School District Mount Vernon
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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