520 N 1st Street, Mount Vernon, WA 98723
- $690,000
Listing courtesy of RJR Real Estate Inc.. Selling Office: eXp Realty.
- Sold Price
- $690,000
- List Price
- $669,900
- Status
- SOLD
- MLS#
- 1666729
- Closing Date
- Jan 22, 2021
- Days on Market
- 1
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 4903
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
6-plex: Central location; Four 1-bdrm and two 2-bdrm units; Large lot with off road parking; Minutes to Downtown, shopping, and river front park. Mt. Vernon is an up and coming community with expansion plans and upgrades everywhere. Skagit County offers less than 1% vacancy rate county-wide.
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Additional Information
- List Date
- 2021-01-21 00:00:00
- Community
- Mount Vernon
- Net Operating Income
- $45,282
- Gross Adjusted Income
- $60,900
- Gross Scheduled Income
- $60,900
- Total Monthly Income
- $5,075
- Insurance Expenses
- $2,180
- Water/Sewer/Garbage Expenses
- $7,735
- Gross Rent Multiplier
- 11
- Total Expenses
- $15,618
- Cap Rate
- 6.7
- Total Number of Units
- 6
- Unit Name
- 520
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1921
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 800
- School District
- Mount Vernon
- Total Monthly Income
- $5,075
- Gross Scheduled Income
- $60,900
- Gross Adjusted Income
- $60,900
- Tax Year
- 2020
- Insurance Expense
- $2,180
- W/S/G Expenses
- $7,735
- Total Expenses
- $15,618
- Net Operating Income
- $45,282
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.7
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