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$599,950 New For Sale

110 S 20th St
Mount Vernon, WA 98274

4 units | Multi Family Home
13068 sq ft lot - MLS# 1515843
Property Photo
1/19

Description

Fantastic 4 Plex! Great location near Hospital, College & Parks. Low maintenance property with newer roof, cement board and brick siding. Long term tenants some since 2006. Owner-occupied and in excellent condition. Unit #3 has a private backyard. Central private courtyard between the 4 garages & rental units. Washers/dryers & all appliances stay in each unit. Rents are WAY below market value and a cap rate over 8% is extremely feasible. Here is the investment you have been looking for!

Features

  • # of Parking Spaces: 4, 6
  • Amenities: Thermal Windows
  • Approved Number of Bedrooms: 8
  • Area: Mount Vernon
  • Area Number: 835
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 6.60
  • County/Area: Skagit County
  • Elementary School: Buyer To Verify
  • Energy Source(heat): Electric
  • Exterior: Brick, Cement Planked
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • Garage: 4+-Car
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $49800
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $49800
  • Heating/Cooling: Wall
  • High School: Buyer To Verify
  • Insurance Expenses: $1380
  • Listing Status: Active
  • Lot Details: Curbs
  • Lot Dimensions: 13068
  • Lot Size: 0.3000
  • Middle School: Buyer To Verify
  • Net Operating Income: $39351
  • Number of Stories in Building: 1
  • Number of Uncovered Spaces: 2
  • Parking Spaces: 4, 6
  • Power Company: Pse
  • Property Type: Multi Family Home
  • Rent Unit 1: $1000
  • Rent Unit 2: $1000
  • Rent Unit 3: $1150
  • Rent Unit 4: $1000
  • Roof: Composition
  • School District: Mount Vernon
  • Sewer Company: City Of Mt Vernon
  • Site Features: Cable TV, High Speed Internet, Patio
  • Sq.Ft.: 3700
  • Square Feet Unit 1: 900
  • Square Feet Unit 2: 900
  • Square Feet Unit 3: 1000
  • Square Feet Unit 4: 900
  • Sub Type: Multi Family Home
  • Total Expenses: $10449, $10449
  • Total Garage Capacity: 4
  • Total Monthly Income: $4150
  • Units: 4
  • Water Company: Skagit Co Pud
  • Water Source: Public
  • Water/Sewer/Garbage: 3341
  • Year Built: 1991
  • Zip Code: 98274
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than New Horizon Realty LLC are marked with the three trees 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 2019-09-15

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New Horizon Realty LLC
1410 7th St Suite C-1
Marysville, WA 98270
Office: 360-691-9297
Email: office@newhorizonrealty.net

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