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Mount Vernon,WA 98273
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $291
Subdivision Mount Vernon
MLS Listing ID 2282866
Style 55 - 5-9 Units
Bedrooms 6
Year Built 1900
Annual Tax Amount $6,388
Lot Size 8,712 Sqft
Property Description
Here is your chance to own a 7 unit building in a quiet residential neighborhood. Whether you’re an experienced investor aiming to diversify or newcomer seeking reliable entry into the market, this 7-plex combines stability with growth potential. Located east of the city, out of the flood plain, near plenty of employers/commerce including the local hospital, community college and tons of shopping and eateries. 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 1 block away. Solid 6.4% CAP rate and all units are currently leased providing immediate rental income and a strong addition to any investment portfolio.
Location
State WA
County Skagit
Area 835 - Mount Vernon
Exterior
Exterior Feature See Remarks,Wood Products
View Y/N No
Roof Type Composition,See Remarks
Building
Sewer Sewer Connected
New Construction No
Schools
School District Mount Vernon
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional