107 N 7th , Mount Vernon, Wa 98273

WA, Mount Vernon
$875,000
  • 3,000 Sqft
  • Residential Income Property Type
  • 1900 Year Built
  • Expired Status
Property 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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2282866
  • Price: $875,000
  • Square Footage: 3,000 Sqft
  • Year Built: 1900
  • Lot Area: 0.20 Acre
  • Status: Expired
  • Office Name: RE/MAX Whatcom County, Inc.
  • Agent Name: Chris Edwards
  • Property Sub Type: Multi-Family
  • Roof: See Remarks, Composition
Features
  • Heating System Insert
  • Cooling System None
  • Exterior Features See Remarks, Wood Products
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Skagit
  • City Mount Vernon
  • Zipcode 98273
  • Street: 7th
  • Street Number: 107
  • Longitude: W123° 40' 4.3''
  • Latitude: N48° 25' 17.3''
  • Directions: Follow I-5 N Take exit 226, Kincaid St/WA-536 W, right onto Broad St, Turn left onto S 10th St, Turn left onto E Division St, Turn right onto N 7th St, Destination will be on the left.
  • Mls Area Major: 835 - Mount Vernon
  • Street Dir Prefix: N
Neighborhood
  • High School District: Mount Vernon
Additional Information
  • Stories Total: 3
  • Possible Use: Multi-Family
  • On Market Date: 2024-09-30
  • Number Of Units Total: 7
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 6388
Listing Information
  • List Agent Mls Id: 119612
  • List Office Mls Id: 9947
  • Listing Term: Cash Out,Conventional
  • Mls Status: Expired
  • Modification Timestamp: 2024-12-26T08:17:10Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2024-12-26T08:16:01Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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