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Listing 9 out of 24
$379,000 For Sale

20955 Morgan Lane
Burlington, WA 98233

2 units | Multi Family Home
13983 sq ft lot - MLS# 1497259 Courtesy of Coldwell Banker Bain
Property Photo
1/3

Description

Great investment with upside. Both units are 2 bedroom 1.5 baths, approximately 1150 square feet and have great layouts and big back yards. Rents are below market rates, so there's alot of room for upside on these. Buy one or all three

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Skagit County
  • Zip Code: 98233
  • Year Built: 1978
  • School District: Burlington
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Burlington Edison Hi
  • Sq.Ft.: 2,304 sq ft
  • Stories: Duplex
  • Units: 2 units
  • Garage: 2-Car
  • # of Parking Spaces: 2, 4
  • Lot Size: 13983 sq ft lot
  • Area: Burlington
  • Approved Number of Bedrooms: 4
  • Area Number: 825
  • Bathrooms Unit 1: 2.00
  • Bathrooms Unit 2: 2.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Building Condition: Good
  • Cap Rate - NOI div LP: 4.00
  • Energy Source(heat): Electric
  • Exterior: Wood, Wood Products
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family, Residential
  • Gross Adjusted Income: $21600
  • Gross Rent Multiplier: $17
  • Gross Scheduled Income: $21600
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $1836
  • Lot Details: Cul-de-sac, Dead End Street
  • Net Operating Income: $14891
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 2
  • Power Company: Pse
  • Rent Unit 1: $900
  • Rent Unit 2: $900
  • Roof: Composition
  • Sewer Company: Septic
  • Site Features: Patio
  • Square Feet Unit 1: 1150
  • Square Feet Unit 2: 1150
  • Total Expenses: $6709, $6709
  • Total Garage Capacity: 2
  • Total Monthly Income: $1800
  • Water Company: Pud
  • Water Source: Public
  • Water/Sewer/Garbage: 1200
Courtesy of Coldwell Banker Bain
©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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