2302 E College Way, Mount Vernon, WA 98274
- $1,450,000
Listing courtesy of Brown McMillen Real Estate.
- List Price
- $1,450,000
- Status
- ACTIVE
- MLS#
- 2227916
- Days on Market
- 9
- Style
- 55 - 5-9 Units
- Building Condition
- Average
- Annual Tax Ammount
- 12903
- Lot Size (sq ft)
- 63,162
- Sewer
- Sewer Connected
Property Description
This is a unique opportunity to develop multi-unit housing right across from Skagit Valley College. The property currently has three houses that generate rental income, while you can plan the property's highest and best use. The city of Mt. Vernon encourages the development of multi-story units, retail spaces, and mixed-use buildings such as apartments. There is a sewer line located across the back third of the property.
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Additional Information
- List Date
- 2024-04-24 20:39:09
- Community
- Mount Vernon
- Net Operating Income
- $18,625
- Gross Scheduled Income
- $44,100
- Total Monthly Income
- $44,100
- Insurance Expenses
- $2,414
- Water/Sewer/Garbage Expenses
- $5,748
- Total Expenses
- $25,475
- Total Number of Units
- 3
- Unit Name
- 2302
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1956
- View
- Territorial
- Roof
- Composition
- Site Features
- Gas Available
- Other Expenses
- 4410
- Energy Source
- Electric, Natural Gas
- School District
- Mount Vernon
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $44,100
- Gross Scheduled Income
- $44,100
- Tax Year
- 2024
- Insurance Expense
- $2,414
- W/S/G Expenses
- $5,748
- Total Expenses
- $25,475
- Net Operating Income
- $18,625
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