Homes by Email

Be the first to see new listings as soon as they hit the market!

Quick Search


view all


Any

Any

No Min.

No Max.

O: 360-691-9297
F: 360-925-6953
Contact Us

Contact Us





* fields are required
Back to Saved Search
Listing 4 out of 5
$499,000 For Sale

414 E Lawrence St
Mount Vernon, WA 98273

2 units | Multi Family Home
4500 sq ft - MLS# 1290067 Courtesy of John L. Scott, Inc.
Property Photo
1/25

Description

One of a kind investment opportunity, this duplex generates over $38,000 net income! Centrally located on the Hill 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 7.7% Building has space for potential third unit that can add $12,000 net income! Outstanding opportunity for location and income!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Skagit County
  • Zip Code: 98273
  • Year Built: 1927
  • School District: Mount Vernon
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Mount Vernon High
  • Sq.Ft.: 2,626 sq ft
  • Stories: Duplex
  • Units: 2 units
  • # of Parking Spaces: 2
  • Lot Size: 4500 sq ft
  • Accessibility: Yes, See Site Features
  • View: City, Mountain, Territorial
  • Area: Mt Vernon Hill
  • Amenities: Basement, Storage, Thermal Windows
  • Area Number: 835
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 7.70
  • Electrical Expenses: $456
  • Energy Source(heat): Electric, Natural Gas, Wood
  • Exterior: Stucco, Wood
  • Floor Covering: Ceramic Tile, Fir/Softwood, Hardwood, Vinyl
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family, Residential
  • Gross Adjusted Income: $43080
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $43080
  • Heating Expenses: $1254
  • Heating/Cooling: Forced Air, Insert
  • Insurance Expenses: $903
  • Lot Details: Alley, Curbs, Paved Street, Sidewalk
  • Lot Dimensions: 50 x 90
  • Net Operating Income: $38540
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 2
  • Power Company: Pse
  • Rent Unit 1: $1795
  • Rent Unit 2: $1795
  • Roof: Composition
  • Sewer Company: City Of Mt Vernon
  • Site Features: Cable TV, Deck, Disabled Access, Gas Available, High Speed Internet, Patio, Shop
  • Square Feet Unit 1: 1313
  • Square Feet Unit 2: 900
  • Total Expenses: $4540, $4540
  • Total Monthly Income: $3590
  • Units Below Grade: Yes
  • Water Company: Skagit Pud
  • Water Source: Public
  • Water/Sewer/Garbage: 2580
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 New Horizon Realty LLC 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 2019-03-20

Terms of Usage Agreement

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

Connect With Us

Newsletter

Subscribe to our newsletter...

* fields are required
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu