11080 N Skagit Street, Burlington, WA 98233

$665,000
2,304
SqFt

Listing courtesy of John L. Scott Skagit. Selling Office: COMPASS.

Sold Price
$665,000
List Price
$675,000
Status
SOLD
MLS#
1984335
Closing Date
Sep 30, 2022
Days on Market
8
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,304
Area Total SqFt
2304
Annual Tax Ammount
3857
Internet Provider
Comcast
Lot Size (sq ft)
17,851
Sewer
Septic Tank

Property Description

INVESTOR ALERT! Well-maintained - 0% vacancy on this 2 story immaculate duplex just east of Burlington! 3 bedrooms, 1 1/2 baths. Spacious living area on main floor includes living room, dining room, kitchen & 1/2 bath. Slider to patio. 3 bedrooms, full bath and laundry room on upper level. 1 car garage for each unit. Newer electric furnaces, water heaters. Newer duct work and insulation in crawlspaces. Vinyl plank flooring on main levels. New carpet upstairs. Interiors have been freshly painted and new trim installed on main levels. New metal garage doors. Newer appliances in both units. Septics inspected 8/9/22. Unit A vacant and ready for viewing. Unit B currently leased. Excellent rental history.

Additional Information

List Date
2022-09-22 00:00:00
Community
Burlington
Net Operating Income
$37,088
Gross Adjusted Income
$43,200
Gross Scheduled Income
$43,200
Total Monthly Income
$3,600
Insurance Expenses
$805
Water/Sewer/Garbage Expenses
$1,450
Gross Rent Multiplier
16
Total Expenses
$6,112
Cap Rate
5
Total Number of Units
2
Unit Name
11080
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1980
Roof
Composition
Site Features
Cable TV, Patio
Energy Source
Electric
School District
Burlington
Elementary School
Buyer To Verify
High School
Burlington Edison Hi
Total Monthly Income
$3,600
Gross Scheduled Income
$43,200
Gross Adjusted Income
$43,200
Tax Year
2022
Insurance Expense
$805
W/S/G Expenses
$1,450
Total Expenses
$6,112
Net Operating Income
$37,088
Gross Rent Multiplier
16
Cap Rate
5
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