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!

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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