Bought with Windermere RE Skagit Valley
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414 E Lawrence ST Mount Vernon, WA 98273
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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,626 sqft
Price per Sqft $190
Subdivision Mt Vernon Hill
MLS Listing ID 1453113
Sold Date 07/01/19
Style 52 - Duplex
Year Built 1927
Annual Tax Amount $3,637
Lot Size 4,500 Sqft
Lot Dimensions 50 x 90
Property Description
One of a kind investment opportunity! Centrally located in Mt Vernon, just minutes from I-5, High School, Hospital, College, shops and restaurants! This easily self-managed property with minimal expenses has unmatched character and charm. Current CAP rate at 5.3%, NOI $27,901 is under market and owner currently pays all expenses! Tenants only pay rent! Building has extra space that could increase rents by $700/mo. NEW sewer installed and many upgrades. Perfect combination of location and income!
Location
State WA
County Skagit
Area 835 - Mount Vernon
Interior
Interior Features Forced Air, HEPA Air Filtration, Ceramic Tile, Fir/Softwood, Hardwood
Flooring Ceramic Tile, Softwood, Hardwood, Vinyl
Fireplace false
Exterior
Exterior Feature Stucco, Wood
Utilities Available Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Wood
Amenities Available Cable TV, Deck, Gas Available, High Speed Internet, Patio, Shop
Waterfront No
View Y/N Yes
View City, Mountain(s), Territorial
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Mount Vernon High
School District Mount Vernon
Others
Acceptable Financing Cash Out, Conventional, Private Financing Available, VA Loan
Listing Terms Cash Out, Conventional, Private Financing Available, VA Loan
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