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Listing 1 out of 2,739
$360,000 For Sale

417 E Division St
Mount Vernon, WA 98274

3 units | Multi Family Home
6098 sq ft - MLS# 1410328 Courtesy of John L. Scott, Inc.
Property Photo
1/25

Description

INVESTOR ALERT! With new appliances, paint, carpet and a good cleaning, you should be able to increase rent and get NOI above $25k, translating into a value +$450k (at least to savvy investors). This TRIPLEX has two, one-bedroom one-bathroom units & one studio with possibility of adding a 4th unit (buyer to verify). Unit A has brand new bathroom. Monthly rent is well BELOW fair market and tenants are month-to-month. Owner pays garbage, water & sewer. FREE inspection report available!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Skagit County
  • Zip Code: 98274
  • Year Built: 1924
  • School District: Mount Vernon
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • Sq.Ft.: 2,518 sq ft
  • Units: 3 units
  • # of Parking Spaces: 4
  • Lot Size: 6098 sq ft
  • Area: Mount Vernon
  • Area Number: 835
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 1
  • Bedrooms Unit 3: 1
  • Building Condition: Fair
  • Cap Rate - NOI div LP: 5.36
  • Energy Source(heat): Electric
  • Exterior: Metal/Vinyl, Wood
  • Floor Covering: Hardwood, Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $27360
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $27300
  • Heating/Cooling: Baseboard, Forced Air
  • Insurance Expenses: $1163
  • Lot Details: Alley, Paved Street, Sidewalk
  • Net Operating Income: $19287
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 4
  • Power Company: Puget Sound Energy
  • Rent Unit 1: $950
  • Rent Unit 2: $700
  • Rent Unit 3: $625
  • Roof: Composition
  • Sewer Company: City Of Mount Vernon
  • Site Features: Deck
  • Total Expenses: $8073, $8073
  • Total Monthly Income: $2275
  • Water Company: City Of Mount Vernon
  • Water Source: Public
  • Water/Sewer/Garbage: 3138
Courtesy of John L. Scott, Inc.
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than RE/MAX Gateway are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-02-23

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Kristine Stultz | 360-708-9967 | Contact Me
914 15th St - Anacortes, WA 98221
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