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(253) 209-4200
Real Estate Company
3400 College Way, Mount Vernon, WA 98274
- $995,500
- 4,088
- SqFt
Listing Broker: Best Choice Realty LLC; Brent Wolters; 360-920-3513; brentwolters88@gmail.com
- List Price
- $995,500
- Status
- FIRST LOOK
- MLS#
- 2593323
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,088
- Area Total SqFt
- 4088
- Annual Tax Ammount
- 11560
- Lot Size (sq ft)
- 7,855
- Sewer
- Sewer Connected
Property Description
College Way Multifamily Opportunity! A great fourplex offering excellent potential in a convenient location near Skagit Valley College. The property features four 2-bedroom, 1-bathroom units in a two-story building. Each unit has its own private entrance, providing added privacy and flexibility for tenants or an owner-occupant. An exciting added opportunity: a triplex located nearby is also available for purchase, offering investors the chance to acquire both properties and expand their multifamily portfolio in the same area. See mls 2579849 Whether you're looking to grow your investment portfolio, maximize rental income potential, or own multiple multifamily properties in a convenient College Way location, this fourplex presents an excellent opportunity with added potential for long-term growth.
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Additional Information
- Community
- Mount Vernon
- Net Operating Income
- $56,412
- Gross Adjusted Income
- $56,412
- Gross Scheduled Income
- $84,000
- Total Monthly Income
- $7,000
- Insurance Expenses
- $3,480
- Water/Sewer/Garbage Expenses
- $5,048
- Gross Rent Multiplier
- 11.85
- Total Expenses
- $27,588
- Cap Rate
- 5.65
- Total Number of Units
- 4
- Unit Name
- 3400
- Potential Terms
- Cash, Conventional
- Year Built
- 1990
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 7500
- Energy Source
- Electric
- School District
- Mount Vernon
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,000
- Gross Scheduled Income
- $84,000
- Gross Adjusted Income
- $56,412
- Tax Year
- 2025
- Insurance Expense
- $3,480
- W/S/G Expenses
- $5,048
- Total Expenses
- $27,588
- Net Operating Income
- $56,412
- Gross Rent Multiplier
- 11.85
- Cap Rate
- 5.65
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.