
Mount Vernon, WA1011 E Division Street
Price$2,300,000
Est. Mortgage: $/month
MLS Number 2045433
- Multi Family Residential Income
- Units 12
- Square Feet 9,245
- Acreage 0.21
- Year Built 1936
Great Return on a value-add property. 12 total units, with a healthy unit mix of 1's 2's and a 3 bedroom units. Current 5.8% Cap Rate with room for value add to turn this investment into a 8% cap rate property. Located right next to the Mount Vernon Highschool and Skagit County Hospital. Property consists of 10 parking spots and common laundry for tenants. Rents and financials are actuals.
Listed by Winslow Thomas Lee of Kidder Mathews
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