417 E Division St

    Mount Vernon, WA 98274
    • $337,000
    • STATUS: Active
    • ON SITE: 215 days
    • ID#: 1410328
    UPDATED: 48 min ago
    $337,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,041
      SQFT
    • $165
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Information

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

    Description

    INVESTOR ALERT! This TRIPLEX has two, one-bedroom one-bathroom units & one studio. Rent is BELOW fair market and tenants are month-to-month. Current owner pays majority of utilities, even though there are separate meters for gas and electricity. With some cosmetic updates, you should be able to increase rent and get NOI above $25,000, translating into a substantial amount of equity and forced appreciation.

    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 McAuley Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-16T09:13:44.89.

    www.mcauleyrealestate.com/homes/91762524

    417 E Division St Mount Vernon, WA 98274

    • Price: $337,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 1410328
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,041
    SQFT
    $165
    $/SQFT
    1924
    Built
    Neighborhood:
    Mount Vernon
    County:
    Skagit
    Area:
    Mount Vernon
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Mount Vernon
    Property Description
    INVESTOR ALERT! This TRIPLEX has two, one-bedroom one-bathroom units & one studio. Rent is BELOW fair market and tenants are month-to-month. Current owner pays majority of utilities, even though there are separate meters for gas and electricity. With some cosmetic updates, you should be able to increase rent and get NOI above $25,000, translating into a substantial amount of equity and forced appreciation.
    Exterior Features

    Building Condition Fair Carport Spaces 0 Exterior Metal/VinylWood Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyPaved StreetSidewalk Roof Composition Stories In Building 1 Style 53 - Tri-plex Total Parking Spaces 4 Uncovered Spaces 4 View Territorial

    Interior Features

    Floor Covering HardwoodLaminate HardwoodLaminate TileWall to Wall Carpet Heating And Cooling BaseboardForced Air Unit1 Bathrooms 1.00 Unit1 Bedrooms 1 Unit1 Dishwasher Y Unit1 Fireplaces 1 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 891 Unit1 Washer Dryer Y Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 882 Unit2 Washer Dryer N Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 268 Unit3 Washer Dryer N 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 N

    Property Features

    Bank Owned No Cap Rate 5.72 Electrical Expenses 0 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 27360 Gross Rent Multiplier 12 Gross Scheduled Income 27300 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1163 Leased Items None Net Operating Income 19287 New Construction YN No Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Company Puget Sound Energy Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Mount Vernon Site Features Deck Tax Amount 3772 Tax Year 2018 Terms Cash OutConventionalFHARehab LoanVA Third Party Approval Required None Total Expenses EXP 8073 Total Expenses TEX 8073 Total Monthly Income 2275 Unit1 Monthly Rent 950 Unit2 Monthly Rent 700 Unit3 Monthly Rent 625 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Mount Vernon Water Sewer Garbage 3138 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 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 McAuley Homes 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 McAuley Homes are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-16T09:13:44.89.

     
    McAuley Homes
    920 Alder Ave., Suite 202
    Sumner WA, 98390
    Listing Courtesy of John L Scott Bellingham.