414 E Lawrence St

    Mount Vernon, WA 98273
    • $499,000
    • STATUS: Active
    • ON SITE: 164 days
    • ID#: 1290067
    UPDATED: 69 min ago
    $499,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,626
      SQFT
    • $190
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of John L. Scott, Inc..

    Description

    One of a kind investment opportunity, this duplex generates 34K net income! Planned rent increases will yield 39K net later this year! Centrally located on the Hill in Mt Vernon, just minutes from I-5, High School, Hospital, College, shops and restaurants! This easily self-managed property with minimal expenses has unmatched character and charm. Current CAP at 6.9% includes all utilities. Building has space for potential third unit that can add 12K net!

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Deol Group | Katrina Eileen Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-10-22T00:15:40.363.

    www.thedeolgroup.com/homes/83435151

    414 E Lawrence St Mount Vernon, WA 98273

    • Price: $499,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 1290067
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,626
    SQFT
    $190
    $/SQFT
    1927
    Built
    Neighborhood:
    Mt Vernon Hill
    County:
    Skagit
    Area:
    Mount Vernon
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Mount Vernon High
    School District:
    Mount Vernon
    Property Description
    One of a kind investment opportunity, this duplex generates 34K net income! Planned rent increases will yield 39K net later this year! Centrally located on the Hill in Mt Vernon, just minutes from I-5, High School, Hospital, College, shops and restaurants! This easily self-managed property with minimal expenses has unmatched character and charm. Current CAP at 6.9% includes all utilities. Building has space for potential third unit that can add 12K net!
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Construction Methods Standard Frame Exterior StuccoWood Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyCurbsPaved StreetSidewalk Lot Dimensions 50 X 90 Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 2 Uncovered Spaces 2 View CityMountainTerritorial

    Interior Features

    Floor Covering Ceramic TileFir/SoftwoodHardwoodVinyl Heating And Cooling Forced AirInsertHEPA Air Filtration Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1313 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 2 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 900 Unit2 Washer Dryer Y Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade Y

    Property Features

    Amenities BasementStorageThermal Windows Bank Owned No Cap Rate 6.90 Electrical Expenses 456 Energy Source ElectricNatural GasWood EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 43080 Gross Rent Multiplier 12 Gross Scheduled Income 43080 Heating Expenses 1254 Hers Index 0 Home Owner Dues 0 Insurance Expenses 903 Leased Items None Net Operating Income 34250 New Construction YN No Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Mt Vernon Site Features Cable TVDeckDisabled AccessGas AvailableHigh Speed InternetPatioShop Tax Amount 3637 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 8830 Total Expenses TEX 8830 Total Monthly Income 3590 Unit1 Monthly Rent 1795 Unit2 Monthly Rent 1795 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company Skagit Pud Water Sewer Garbage 2580 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Deol Group | Katrina Eileen Real Estate and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Deol Group | Katrina Eileen Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-10-22T00:15:40.363.

     
    The Deol Group | Katrina Eileen Real Estate
    701 Fifth Avenue
    Seattle WA, 98104
    Listing Courtesy of John L. Scott, Inc..