Here is your chance to own a 7 unit building in a quiet residential neighborhood. Whether you’re an experienced investor aiming to diversify or newcomer seeking reliable entry into the market, this 7-plex combines stability with growth potential. Located east of the city, out of the flood plain, near plenty of employers/commerce including the local hospital, community college and tons of shopping and eateries. Some units have been remodeled/updated with vinyl windows, paint, lighting, and new flooring/carpet. Coin operated laundry in basement and plenty of off-street parking. Bus stop 1 block away. Solid 6.4% CAP rate and all units are currently leased providing immediate rental income and a strong addition to any investment portfolio.
Listing Details
Price
$875,000
Year Built
1900
Property Type
Multi-Family
Listing #
2282866
Status
Active
County
Skagit
Listing Type
For Sale
Interior Features
Heating and Cooling
Insert
Fireplace
No
Exterior Features
Foundation
Poured Concrete
Roof
Composition, See Remarks
Lot Size
0.20 acres
Miscellaneous
MLS Area
835 - Mount Vernon
Courtesy of Chris Edwards, RE/MAX Whatcom County, Inc.360-647-1313
Listings courtesy of Northwest MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 12/22/2024 12:51 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This content last updated on 12/22/2024 12:51 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Housing Occupancy
Rural vs. Urban
Market occupancy and urban/rural information from Home Junction Inc.
Listings courtesy of Northwest MLS as distributed by MLS GRID.
