$ 875,000
107 N 7th Mount Vernon, WA 98273
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Listed by RE/MAX Whatcom County, Inc.
$ 875,000
Est. payment /mo
Active
107 N 7th Mount Vernon, WA 98273
6 Beds
7 Baths
3,000 SqFt
UPDATED:
11/14/2024 02:48 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $291
Subdivision Mount Vernon
MLS Listing ID 2282866
Style 55 - 5-9 Units
Bedrooms 6
Year Built 1900
Annual Tax Amount $6,388
Lot Size 8,712 Sqft
Property Description
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.
Location
State WA
County Skagit
Area 835 - Mount Vernon
Interior
Fireplace false
Exterior
Exterior Feature See Remarks, Wood Products
Waterfront No
View Y/N No
Roof Type Composition,See Remarks
Building
Sewer Sewer Connected
New Construction No
Schools
School District Mount Vernon
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.