1705 12th Street, Anacortes, WA 98221

$553,410
2,880
SqFt

Listing courtesy of Windermere R.E. Arlington. Selling Office: ZNonMember-Office-MLS.

Sold Price
$553,410
List Price
$559,000
Status
SOLD
MLS#
1256546
Closing Date
Jun 08, 2018
Days on Market
5
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
2,880
Area Total SqFt
2880
Annual Tax Ammount
3793
Lot Size (sq ft)
6,000
Sewer
Sewer Connected

Property Description

Superb investment potential! Located close to downtown Anacortes. Craftsman-style 4 plex...Built as a 4-Plex, NOT CONVERTED! Always fully rented. Ample parking in the alley. Two 1 bedroom apartments (lower) and two 2 bedroom apartments (upper). All upper units have washer/dryer, lower units have hookups, 5.5ft claw soaking tubs, deck on lower and upper units. Small lawn and potential gardening spots on either side of unit. New vinyl siding for ease of maintenance.

Additional Information

List Date
2018-06-03 00:00:00
Community
Anacortes
Net Operating Income
$22,290
Gross Adjusted Income
$30,000
Gross Scheduled Income
$30,000
Total Monthly Income
$2,500
Insurance Expenses
$1,095
Water/Sewer/Garbage Expenses
$2,823
Gross Rent Multiplier
1863
Cap Rate
0.04
Total Number of Units
6
Unit Name
1705
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
1950
View
City, Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Outbuildings
School District
Anacortes
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Anacortes High
Total Monthly Income
$2,500
Gross Scheduled Income
$30,000
Gross Adjusted Income
$30,000
Tax Year
2017
Insurance Expense
$1,095
W/S/G Expenses
$2,823
Net Operating Income
$22,290
Gross Rent Multiplier
1863
Cap Rate
0.04
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