Bought with Coldwell Banker Bain
$636,000
$599,628
6.1%For more information regarding the value of a property, please contact us for a free consultation.
107 N 7TH ST #1-7 Mount Vernon, WA 98273
3,016 SqFt
Key Details
Sold Price $636,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,016 sqft
Price per Sqft $210
Subdivision Mt Vernon Hill
MLS Listing ID 1562785
Sold Date 04/30/20
Style 55 - 5-9 Units
Year Built 1900
Annual Tax Amount $3,814
Lot Size 5,998 Sqft
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.
Location
State WA
County Skagit
Area 835 - Mount Vernon
Interior
Interior Features Laminate Hardwood, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
Amenities Available Gas Available
View Y/N Yes
View Sound, Territorial
Roof Type Composition
Building
Lot Description 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 Conventional
Listing Terms Conventional
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