1201 East Rio Vista Ave, Burlington, WA 98233
- $789,500
- 3,130
- SqFt
Listing courtesy of John L. Scott Skagit.
- List Price
- $789,500
- Status
- ACTIVE
- MLS#
- 1721905
- Days on Market
- 25
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,130
- Lot Size (sq ft)
- 11,761
Property Description
Unique Investment Opportunity! This desirable Single Level Four Plex sits in the heart of Burlington. Walking distance to nearby parks, schools, walking trails, Skagit River and more! Larger Center units were remodeled in 2018/2019 with new kitchens, flooring, appliances, bathroom and utility room updates. Center units also include single car garages. Each unit also has its own courtyard/patio area and ample parking. Wonderful Long term tenants, rents below Market Value currently. Room to grow this investment property and make it your own! Property Sold As-Is. This one will not last!
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Additional Information
- List Date
- 2021-02-03 00:00:00
- Community
- Burlington
- Property Type
- MULT
- Units
- 4
- Stories
- 1
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1970
- Total Parking
- 11
- Uncovered Parking
- 9
- View
- Territorial
- Exterior
- Brick, Wood
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, Patio
- Lot Details
- Cul-de-sac, Curbs, Paved Street, Sidewalk
- School District
- Burlington
- Elementary School
- Lucille Umbarger Ele
- High School
- Burlington Edison Hi
- Total Monthly Income
- $4,150
- Gross Scheduled Income
- $49,200
- Gross Adjusted Income
- $35,183
- Annual Taxes
- $4,358
- Tax Year
- 2020
- Insurance Expense
- $4,960
- W/S/G Expenses
- $4,699
- Total Expenses
- $14,017
- Net Operating Income
- $35,183
- Gross Rent Multiplier
- 16
- Cap Rate
- 4
Room Dimensions
- Unit 1 Beds
- 2
- Unit 1 Baths
- 1.00
- Unit 1 Size
- 760
- Unit 1 Rent
- $850
- Unit 2 Beds
- 2
- Unit 2 Baths
- 1.50
- Unit 2 Size
- 805
- Unit 2 Rent
- $1,200
- Unit 3 Beds
- 2
- Unit 3 Baths
- 1.50
- Unit 3 Size
- 805
- Unit 3 Rent
- $1,300
- Unit 4 Beds
- 2
- Unit 4 Baths
- 1.00
- Unit 4 Size
- 760
- Unit 4 Rent
- $800
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