1119 S 7th Street, Mount Vernon, WA 98273

$639,000
1,436
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$639,000
Status
ACTIVE
MLS#
2022832
Days on Market
31
Style
52 - Duplex
Finished SqFt
1,436
Area Total SqFt
1436
Annual Tax Ammount
2753
Lot Size (sq ft)
7,405
Sewer
Sewer Connected

Property Description

Great investment opportunity! Both units are good-sized & stand-alone units. One unit has 4 bdrms, 1.75 bthrms, a deck off the primary bedroom & a partially fenced yard. Other unit has 3 bdrms, 1.75 bthrms, deck, a fully fenced yard & features high ceilings with laminate floors throughout. Both units are full of potential, so bring your toolbelt & ideas! Back unit has new roof & gutters & front unit has new gutters. Plenty of off-street parking on the property. This duplex sits in a convenient location close to the river walk, restaurants, shopping & charming downtown & just 30 mins to Everett or Bellingham.

Additional Information

List Date
2022-12-28 23:53:09
Community
Mount Vernon
Net Operating Income
$47,387
Gross Adjusted Income
$52,440
Gross Scheduled Income
$55,200
Total Monthly Income
$4,700
Insurance Expenses
$1,100
Water/Sewer/Garbage Expenses
$1,200
Gross Rent Multiplier
11.57
Total Expenses
$5,053
Cap Rate
7.41
Vacancy Rate
5
Total Number of Units
2
Unit Name
1119
Potential Terms
Cash Out, Conventional, VA Loan
Year Built
1900
Roof
Composition
Site Features
Deck, Fenced-Fully, Fenced-Partially, Patio
Heating/Cooling Type
Forced Air, Wall
Energy Source
Electric, Natural Gas
School District
Mount Vernon
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,700
Gross Scheduled Income
$55,200
Vacancy Rate
5
Gross Adjusted Income
$52,440
Tax Year
2022
Insurance Expense
$1,100
W/S/G Expenses
$1,200
Total Expenses
$5,053
Net Operating Income
$47,387
Gross Rent Multiplier
11.57
Cap Rate
7.41
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