506 528 Orchard Place, Burlington, WA 98233
- $3,950,000
- 23,272
- SqFt
Listing courtesy of Windermere RE Anacortes Prop.. Selling Office: Westlake Associates, Inc..
- Sold Price
- $3,950,000
- List Price
- $3,950,000
- Status
- SOLD
- MLS#
- 1491982
- Closing Date
- Sep 04, 2019
- Days on Market
- 1
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 23,272
- Area Total SqFt
- 23272
- Annual Tax Ammount
- 26460
- Lot Size (sq ft)
- 61,603
- Sewer
- Sewer Connected
Property Description
28 unit apartment building in Burlington, Washington. Easy access to I-5 and Highway 20 from this convenient location. Mostly 2 bedroom 1 bath units of approximately 840 square feet are easy to rent and many tenants have been long time residents. Close to retail outlets, shops and restaurants in Burlington. Financial information provided upon request.
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Additional Information
- List Date
- 2019-09-03 00:00:00
- Community
- Burlington
- Net Operating Income
- $237,154
- Gross Adjusted Income
- $368,199
- Gross Scheduled Income
- $377,640
- Total Monthly Income
- $31,470
- Insurance Expenses
- $15,000
- Water/Sewer/Garbage Expenses
- $33,000
- Gross Rent Multiplier
- 10
- Total Expenses
- $139,886
- Cap Rate
- 6
- Vacancy Rate
- 2
- Total Number of Units
- 6
- Unit Name
- 506 528
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1980
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Other Expenses
- 65426
- School District
- Burlington
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Burlington Edison Hi
- Total Monthly Income
- $31,470
- Gross Scheduled Income
- $377,640
- Vacancy Rate
- 2
- Gross Adjusted Income
- $368,199
- Tax Year
- 2019
- Insurance Expense
- $15,000
- W/S/G Expenses
- $33,000
- Total Expenses
- $139,886
- Net Operating Income
- $237,154
- Gross Rent Multiplier
- 10
- Cap Rate
- 6
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