107 N 7th
Mount Vernon, WA 98273
3000 sqft | 0.20 acres | #2282866
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.
Property Details
- Exterior MaterialsSee Remarks, Wood Products
- Date ListedSeptember 30, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Style55 - 5-9 Units
- Property TypeMulti-Family
- SubdivisionMount Vernon
- School DistrictMount Vernon
- Property SubtypeMulti-Family
- Structure TypeMulti Family
- Original List Price$875,000
- MLS #2282866
- MLS #2282866
- CountySkagit
- Taxes Annual$6,388
- Cost875000
- Square Feet3000
- Year Built1900
- Acres0.2
- Days on Market (Cumulative)81
- Stories3
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 18:48:49. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Copyright 2024 Northwest Multiple Listing Service. All rights reserved.
Last Updated:Â . Source: NWMLS
Listing Courtesy
Listing Agent: Chris Edwards (#NWM119612)
Listing Office: RE/MAX Whatcom County, Inc. (#NWM9947)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
