15404 Rosario View Lane, Anacortes, WA 98221

$3,250,000
6,282
SqFt

Listing courtesy of John L. Scott Anacortes.

List Price
$3,250,000
Status
ACTIVE
MLS#
2218896
Days on Market
29
Style
56 - 10+ Units
Building Condition
Very Good
Finished SqFt
6,282
Area Total SqFt
6282
Annual Tax Ammount
8429
Internet Provider
Comcast
Lot Size (sq ft)
29,779
Sewer
Septic Tank

Property Description

Well managed, always rented 10-unit complex in Anacortes, WA. The location is the allure, situated at the south end of Fidalgo Island and walking distance to Rosario Beach. This site attracts those seeking the tranquility of quiet and the allure of the sea. Property in same ownership for 30+ years and has been meticulously maintained. Owner has performed frequent and regular updates to the interior spaces, appliances, decks, grounds and more. His attention to detail has led to long-term tenancy and the ability to lease units very quickly when available. Steps to Rosario Beach for tideland access and beachcombing. Quiet end of road and adjacent to Walla Walla College. Breathtaking views and endless vistas of water. mountains and more.

Additional Information

List Date
2024-04-04 18:24:09
Community
Anacortes
Net Operating Income
$175,703
Gross Adjusted Income
$211,060
Gross Scheduled Income
$211,060
Total Monthly Income
$17,588
Insurance Expenses
$12,945
Water/Sewer/Garbage Expenses
$2,186
Gross Rent Multiplier
15
Total Expenses
$34,509
Cap Rate
5.4
Vacancy Rate
2
Total Number of Units
10
Unit Name
15404
Potential Terms
Cash Out, Owner Financing
Year Built
1977
Waterfront
Yes
View
Bay, Mountain(s), Ocean
Roof
Metal, Torch Down
Site Features
Cable TV, Deck, High Speed Internet
Electric Expenses
2073
Other Expenses
8876
Energy Source
Electric
School District
Anacortes
Total Monthly Income
$17,588
Gross Scheduled Income
$211,060
Vacancy Rate
2
Gross Adjusted Income
$211,060
Tax Year
2024
Insurance Expense
$12,945
W/S/G Expenses
$2,186
Total Expenses
$34,509
Net Operating Income
$175,703
Gross Rent Multiplier
15
Cap Rate
5.4
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