507 N 1st Street Unit #A-C, Mount Vernon, WA 98273

$690,000
2,574
SqFt

Listing courtesy of Keller Williams Western Realty. Selling Office: John L Scott Madrona Group.

Sold Price
$690,000
List Price
$660,000
Status
SOLD
MLS#
1880330
Closing Date
Mar 01, 2022
Days on Market
6
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,574
Area Total SqFt
2574
Lot Size (sq ft)
8,712

Property Description

Tri-Plex w 5.5 Cap Rate and strong rental history. Lots of windows for good natural light. Nice open floor plans. Storage lockers for each unit and coin-op laundry for additional income. There is a possible Fourth Unit that is unfinished. Gas heat for each unit, separate meters, ample off-street parking. New roof in 2017. The A unit is recently vacated so a good time for an owner-occupied opportunity. The other two leases are on a mo/mo basis. Great investment!

Additional Information

List Date
2022-02-23 00:00:00
Community
Mount Vernon
Potential Terms
Cash Out, Conventional, FHA
Year Built
1922
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Gas Available
Heating/Cooling Type
Forced Air
Electric Expenses
240
Energy Source
Electric, Natural Gas
School District
Mount Vernon
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Mount Vernon High
Total Monthly Income
$4,200
Gross Scheduled Income
$49,200
Gross Adjusted Income
$49,200
Tax Year
2021
Insurance Expense
$1,200
W/S/G Expenses
$6,600
Total Expenses
$12,500
Net Operating Income
$36,700
Gross Rent Multiplier
13
Cap Rate
5.5

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