507 N 1st St , A-C

    Mount Vernon, WA 98273
    • $445,000
    • STATUS: Pending Inspection
    • ON SITE: 11 days
    • ID#: 1538766
    Under Contract
    UPDATED: 179 min ago
    $445,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,472
      SQFT
    • $128
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Re/Max Valley Homes.

    Description

    Seize the very favorable CAP rate. Triplex with good rental history, and offering possible fourth unit in unfinished condition/separate meters for your creativity. Property abuts I-5 so noise is present, but this has not impacted the occupancy rate. Owner currently occupies Unit A, thus CAP Rate is approx. 10% with this unit included. One unit fresh remodel, another in 2017. New roof in 2017.

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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 2019-11-18T00:14:13.02.

    www.home4investment.com/homes/100597246

    507 N 1st St , A-C Mount Vernon, WA 98273

    • Price: $445,000
    • Status: Pending Inspection
    • Updated: 179 min ago
    • ID#: 1538766
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,472
    SQFT
    $128
    $/SQFT
    1922
    Built
    Neighborhood:
    Mt Vernon Hill
    County:
    Skagit
    Area:
    Mount Vernon
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Mount Vernon
    Property Description
    Seize the very favorable CAP rate. Triplex with good rental history, and offering possible fourth unit in unfinished condition/separate meters for your creativity. Property abuts I-5 so noise is present, but this has not impacted the occupancy rate. Owner currently occupies Unit A, thus CAP Rate is approx. 10% with this unit included. One unit fresh remodel, another in 2017. New roof in 2017.
    Exterior Features

    Building Condition Remodeled Carport Spaces 0 Construction Methods Standard Frame Exterior Wood Foundation Concrete BlockPoured ConcreteSlab Garage Spaces 0 Lot Details Paved StreetSidewalk Roof Composition Stories In Building 2 Style 53 - Tri-plex Total Parking Spaces 6 Uncovered Spaces 6 View Territorial

    Interior Features

    Floor Covering Laminate HardwoodVinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 764 Unit1 Washer Dryer N Unit2 Bathrooms 1.00 Unit2 Bedrooms 3 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 972 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 2 Unit3 Dishwasher Y Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 820 Unit3 Washer Dryer N Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven N Unit4 Refrigerator N Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven N Unit5 Refrigerator N Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Dishwasher N Unit6 Fireplaces 0 Unit6 Range Oven N Unit6 Refrigerator N Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade Y

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 5.60 Electrical Expenses 168 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 31200 Gross Rent Multiplier 14 Gross Scheduled Income 31200 Heating Expenses 136 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1104 Leased Items None Net Operating Income 24970 New Construction YN No Other Expenses 0 Possession Closing Power Company Pse Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Site Features Cable TVDeckGas Available Tax Amount 3055 Tax Year 2018 Terms ConventionalFHAVA Third Party Approval Required None Total Expenses EXP 6230 Total Expenses TEX 6230 Total Monthly Income 2600 Unit1 Monthly Rent 0 Unit2 Monthly Rent 1300 Unit3 Monthly Rent 1200 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company Skagit Pud Water Sewer Garbage 1767 Water Source Community Zoning Jurisdiction City

    Listing information © 2019 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 2019-11-18T00:14:13.02.

     
    Ben Kinney Real Estate Team - Keller Williams Western Realty
    2211 Rimland Drive Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Re/Max Valley Homes.