1228 S 3rd Street, Mount Vernon, WA 98273

$649,000

Listing courtesy of HomeSmart One Realty. Selling Office: METROPOLIST.

Sold Price
$649,000
List Price
$685,000
Status
SOLD
MLS#
1368034
Closing Date
Mar 07, 2019
Days on Market
209
Style
54 - 4-Plex
Annual Tax Ammount
7215
Lot Size (sq ft)
28,769
Sewer
Sewer Connected

Property Description

Beautiful Victorian 4 unit Multi Family property with old world charm on over half an acre and 3 total bldgs. Primary bldg includes incredible original wood detailing. One car garage with work space and storage with 2 more additional sheds. 4 additional parking spaces as well as off street parking. Backyard offers a mature landscape with a variety of fruit trees, grapes, berries, garden, and zoned for more units. Easy access to I-5 and walking distance to shopping, parks, and main bus station.

Additional Information

List Date
2018-08-10 00:00:00
Community
Downtown
Net Operating Income
$47,486
Gross Adjusted Income
$47,486
Gross Scheduled Income
$64,800
Total Monthly Income
$5,100
Insurance Expenses
$2,293
Water/Sewer/Garbage Expenses
$4,536
Gross Rent Multiplier
11
Total Expenses
$17,314
Cap Rate
6.6
Total Number of Units
4
Unit Name
1228
Potential Terms
Cash Out, Conventional
Year Built
1915
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Outbuildings, RV Parking, Shop
School District
Mount Vernon
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$5,100
Gross Scheduled Income
$64,800
Gross Adjusted Income
$47,486
Tax Year
2018
Insurance Expense
$2,293
W/S/G Expenses
$4,536
Total Expenses
$17,314
Net Operating Income
$47,486
Gross Rent Multiplier
11
Cap Rate
6.6
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