Listed by Windermere Real Estate / Skagit Valley
$1,787,000
7 Unit Compound
Details
Property Type Multifamily
Sub Type Apartment Building
Units 7
Beds 2
Cap Rate 6.20%
NOI $119,923
Tenancy Multi
Year Built 1955
Year Renovated 2000
Buildings 3
Acreage 0.760
Investment Type Stabilized
Multifamily | 6.20% CAP | 7 Units
Marketing description
Windermere Commercial Real Estate is a pleased to offer for sale to qualified investors a unique property within the city limits of Mount Vernon, WA.
This 7 Unit property located at 1301-1321 Fir Lane is a small compound consisting of 7 2 Bed - 1 bath charming units. This charming compound was built in 1955 and has been well maintained. Many units have new flooring and all units have carports and new TPO Roofing.
Situated on the hill out of the flood plain this compound is close to medical, schools, retail and restaurants.
Easy I- 5 access along with close proximity to Downtown Mount Vernon, Riverside Drive and College Way.
Investment highlights
- This 7 unit complex is located on a private lane off of Fir Street with Riverside Drive the arterial to the west.
- The layout consists of 3 pods comprised of either 2-or 3 units with charming exposed beams.
- 2 bedrooms and 1 bath, laundry hook ups in each unit, carport and a back yard.
Listing Contacts
Listed by Windermere Real Estate / Skagit Valley
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,923.00
$9,993.58/mo
Valuation Metrics
0
DSCR
6.71%
Cap Rate
6.71%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
