49 Willow LN, Mount Vernon, WA 98273
49 Willow LN, Mount Vernon, WA 98273
49 Willow LN, Mount Vernon, WA 98273
49 Willow LN, Mount Vernon, WA 98273
49 Willow LN, Mount Vernon, WA 98273
49 Willow LN, Mount Vernon, WA 98273
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Alex Motroc

Alex Motroc

+1(206) 701-4552
Listed by:Keller Williams Realty Bothell • Corey Crain
$ 375,000
Est. payment | /mo

4 Beds

3 Baths

1,600 SqFt

Save
$ 375,000
Est. payment | /mo
Save

4 Beds

3 Baths

1,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $234

Subdivision Mount Vernon

MLS Listing ID 2577601

Style 53 - Tri-plex

Bedrooms 4

Year Built 1950

Annual Tax Amount $6,314

Lot Size 7,405 Sqft

Property Sub-Type Multi Family

Property Description

Three units at $125,000 per door. Two 1BR/1BA and one 2BR/1BA, all single-level with private entries on a 7,405 SF lot, minutes from I-5 and downtown Mount Vernon. 100% occupied. The opportunity is the rent gap. In-place rents total $2,575/month. Comparable Mount Vernon one-bedrooms are currently leasing between $1,380 and $1,600. At conservative market rents this property produces $44,400 annually, roughly $13,500 above today, with no change to the building. Self-managed by the same ownership since 2017. Owner pays water, sewer, garbage and common electric; tenants pay in-unit power. Off-street parking, fenced rear yard, single-story construction with no shared stairwells or common corridors. Seller-operated NOI $14,464. Pro forma NOI $26,464.

Location

State WA

County Skagit

Area 825 - Burlington

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Mount Vernon

Others

Senior Community No

Acceptable Financing Cash, Conventional, Farm Home Loan

Listing Terms Cash, Conventional, Farm Home Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Alex Motroc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 701-4552

realestate@alexmotroc.com

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49 Willow LN