1410 Skagit Street, Mount Vernon, WA 98274

$288,500
2,400
SqFt

Listing courtesy of RE/MAX Signature. Selling Office: John L. Scott Skagit.

Sold Price
$288,500
List Price
$299,950
Status
SOLD
MLS#
1145187
Closing Date
Aug 28, 2017
Days on Market
55
Style
52 - Duplex
Finished SqFt
2,400
Area Total SqFt
2400
Annual Tax Ammount
3056
Lot Size (sq ft)
15,360
Sewer
Sewer Connected

Property Description

NO WAY....SELLER SAYS "Drop the Price by $39k" & will still replace house roof. Hillcrest Park Classic Home with Income Opportunity on 1/3 Acre. Nicely remodeled & upgraded main house. 624 sq.ft. upgraded Detached 1-Bdrm Apartment. Both units always rented. Quality current Month to Month Renters. Great Neighborhood. Walking distance to Hospital, Park & Schools. Great potential. "RARE ZONING is Multi-Residential for 2-4 Units". Live-in or Rent. Apartment now Vacant. Ready for Income

Additional Information

List Date
2017-07-04 00:00:00
Community
Hillcrest Park
Net Operating Income
$24,237
Gross Adjusted Income
$24,057
Gross Scheduled Income
$24,300
Total Monthly Income
$2,025
Insurance Expenses
$720
Water/Sewer/Garbage Expenses
$1,900
Gross Rent Multiplier
15
Total Expenses
$3,820
Cap Rate
56
Vacancy Rate
1
Total Number of Units
2
Unit Name
1410
Potential Terms
Cash Out, Conventional, FHA
Year Built
1925
Roof
Composition, Torch Down
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking, Shop
Other Expenses
1200
School District
Mount Vernon
Elementary School
LincolnElem
Middle School
Mount Baker Mid
High School
Mount Vernon High
Total Monthly Income
$2,025
Gross Scheduled Income
$24,300
Vacancy Rate
1
Gross Adjusted Income
$24,057
Tax Year
2017
Insurance Expense
$720
W/S/G Expenses
$1,900
Total Expenses
$3,820
Net Operating Income
$24,237
Gross Rent Multiplier
15
Cap Rate
56
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