513 - 517 Gardner Road, Burlington, WA 98233

$310,000
1,776
SqFt

Listing courtesy of RE/MAX Territory NW. Selling Office: Homesmart One Realty.

Sold Price
$310,000
List Price
$299,900
Status
SOLD
MLS#
1456260
Closing Date
May 31, 2019
Days on Market
7
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,776
Area Total SqFt
1776
Annual Tax Ammount
2579
Lot Size (sq ft)
12,935
Sewer
Septic Tank
Offer Review Date
2019-05-20

Property Description

Rare find! Single level duplex in Burlington. Each unit has 2 bedrooms, 1 bath. Single car garages with lots of storage. "0" vacancy over last 3 years. Utility rooms. Private septic so no sewer bills! Convenient location within minutes of Burlington or Sedro Woolley. Great investment opportunity, or live in one side and rent the other for a very low monthly payment. It's like buying 2 homes for the price of one! Currently fully occupied. Owner/agent.

Additional Information

List Date
2019-05-24 00:00:00
Community
Burlington
Net Operating Income
$16,640
Gross Adjusted Income
$22,200
Gross Scheduled Income
$22,200
Total Monthly Income
$1,850
Insurance Expenses
$700
Water/Sewer/Garbage Expenses
$1,481
Gross Rent Multiplier
13
Total Expenses
$5,560
Cap Rate
5.5
Total Number of Units
2
Unit Name
513 - 517
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
1979
Roof
Composition
Other Expenses
800
School District
Burlington
Total Monthly Income
$1,850
Gross Scheduled Income
$22,200
Gross Adjusted Income
$22,200
Tax Year
2019
Insurance Expense
$700
W/S/G Expenses
$1,481
Total Expenses
$5,560
Net Operating Income
$16,640
Gross Rent Multiplier
13
Cap Rate
5.5
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