107 N 7TH St , 1-7

    Mount Vernon, WA 98273
    • $599,628
    • STATUS: Pending
    • ON SITE: 45 days
    • ID#: 1562785
    Under Contract
    UPDATED: 169 min ago
    $599,628
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,016
      SQFT
    • $199
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Sterling Johnston Real Estate.

    Description

    7 Units,7.22% CAP Rate, Strong rental market Skagit lowest vacancy rate in state 0.4%,statewide average 4.3% high demand in favor of landlord,Coin operated laundry,Minutes from I-5, East of city up on hill, near hospital, College and shopping, Quiet residential area,Top 1 bedroom unit with partial river view,some units remodeled with vinyl windows, roof approx 10yrs,rents include all utilities. sold 'as-is' Plenty of upside for first time investor with strong cash flow.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-04T00:13:45.887.

    www.home4investment.com/homes/103339091

    107 N 7TH St , 1-7 Mount Vernon, WA 98273

    • Price: $599,628
    • Status: Pending
    • Updated: 169 min ago
    • ID#: 1562785
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,016
    SQFT
    $199
    $/SQFT
    1900
    Built
    Neighborhood:
    Mt Vernon Hill
    County:
    Skagit
    Area:
    Mount Vernon
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Mount Vernon High
    School District:
    Mount Vernon
    Property Description
    7 Units,7.22% CAP Rate, Strong rental market Skagit lowest vacancy rate in state 0.4%,statewide average 4.3% high demand in favor of landlord,Coin operated laundry,Minutes from I-5, East of city up on hill, near hospital, College and shopping, Quiet residential area,Top 1 bedroom unit with partial river view,some units remodeled with vinyl windows, roof approx 10yrs,rents include all utilities. sold 'as-is' Plenty of upside for first time investor with strong cash flow.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Wood Foundation Poured Concrete Garage Spaces 0 Lot Details CurbsPaved StreetSidewalk Roof Composition Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 7 Uncovered Spaces 7 View SoundTerritorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Units Below Grade Y

    Property Features

    Amenities Coin Op LaundryStorage Bank Owned No Cap Rate 7.20 Electrical Expenses 5642 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 65116 Gross Rent Multiplier 9 Gross Scheduled Income 65220 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2447 Leased Items Washer/Dryer Net Operating Income 43316 New Construction YN No Other Expenses 4761 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Mount Vernon Site Features Gas Available Tax Amount 3814 Tax Year 2019 Terms Conventional Third Party Approval Required None Total Expenses EXP 21800 Total Expenses TEX 21800 Total Monthly Income 5535 Unit1 Monthly Rent 1000 Unit2 Monthly Rent 800 Unit3 Monthly Rent 760 Unit4 Monthly Rent 850 Unit5 Monthly Rent 665 Unit6 Monthly Rent 635 Vacancy Rate 2 Water Company Mount Vernon Water Sewer Garbage 5136 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-04T00:13:45.887.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Sterling Johnston Real Estate.