Homeslyst  /  For Sale  /  Multi-Family Homes  /  Washington  /  Listing 1609741

1011 East Division Street, Mount Vernon, WA 98273 for Sale

Detailed Information

  • Type: Company

  • Price: $2,300,000

  • Location: Mount Vernon, Washington, Mount Vernon

  • Address: 1011 East Division Street, Mount Vernon

  • Zip: 98273

  • Bedrooms: 20

  • Bathrooms: 13

  • Size: 9246 square feet

  • Property size: 9246 square feet

  • Condition: Used

  • For sale by: Broker

  • Agent: Winslow Thomas Lee

Great Return on a value-add property.

12 total units, with a healthy unit mix of 1's 2's and a 3 bedroom units. Current 5.8% Cap Rate with room for value add to turn this investment into a 8% cap rate property. Located right next to the Mount Vernon Highschool and Skagit County Hospital. Property consists of 10 parking spots and common laundry for tenants. Rents and financials are actuals.

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