516 S Anacortes St

    Burlington, WA 98233
    • $489,900
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 1454765
    $489,900
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,787
      SQFT
    • $176
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Re Skagit Valley.

    Description

    Turnkey investment opportunity, with a cap rate of 6.3% - Duplex unit is a 1 bed/1 bath with garage, 2nd unit is a 6 bedroom, all rooms are rented individually, 2 rooms are rented month to month, other 4 rooms are long term renters (4-7 years) with common areas (2 kitchens and 3.5 baths). All rents total $4125 a month. Most utilities are paid by the landlord. There are separate gas and electric meters for both units. Excellent location close to restaurants, stores, shopping, and bus stop.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Platinum Real Estate Partners are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-17T00:16:07.267.

    www.platinumlivingpugetsound.com/homes/94632649

    516 S Anacortes St Burlington, WA 98233

    • Price: $489,900
    • Status: Active
    • ID#: 1454765
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,787
    SQFT
    $176
    $/SQFT
    1923
    Built
    Neighborhood:
    Burlington
    County:
    Skagit
    Area:
    Burlington
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Burlington Edison Hi
    School District:
    Burlington
    Property Description
    Turnkey investment opportunity, with a cap rate of 6.3% - Duplex unit is a 1 bed/1 bath with garage, 2nd unit is a 6 bedroom, all rooms are rented individually, 2 rooms are rented month to month, other 4 rooms are long term renters (4-7 years) with common areas (2 kitchens and 3.5 baths). All rents total $4125 a month. Most utilities are paid by the landlord. There are separate gas and electric meters for both units. Excellent location close to restaurants, stores, shopping, and bus stop.
    Exterior Features

    Building Condition Fair Carport Spaces 0 Exterior Wood Foundation Slab Garage Spaces 1 Lot Details AlleyPaved StreetSidewalk Lot Dimensions 54X104 Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 6 Uncovered Spaces 5

    Interior Features

    Floor Covering Ceramic TileVinylWall to Wall Carpet Heating And Cooling BaseboardForced AirStove/Free StandingWall Unit1 Bathrooms 0.00 Unit1 Bedrooms 1 Unit1 Dishwasher N Unit1 Fireplaces 0 Unit1 Range Oven N Unit1 Refrigerator N Unit1 Sq Ft 0 Unit1 Washer Dryer N Unit2 Bathrooms 0.00 Unit2 Bedrooms 1 Unit2 Dishwasher N Unit2 Fireplaces 0 Unit2 Range Oven N Unit2 Refrigerator N Unit2 Sq Ft 0 Unit2 Washer Dryer N Unit3 Bathrooms 0.00 Unit3 Bedrooms 1 Unit3 Dishwasher N Unit3 Fireplaces 0 Unit3 Range Oven N Unit3 Refrigerator N Unit3 Sq Ft 0 Unit3 Washer Dryer N Unit4 Bathrooms 1.00 Unit4 Bedrooms 1 Unit4 Dishwasher N Unit4 Fireplaces 0 Unit4 Range Oven N Unit4 Refrigerator N Unit4 Sq Ft 0 Unit4 Washer Dryer N Unit5 Bathrooms 0.00 Unit5 Bedrooms 1 Unit5 Dishwasher N Unit5 Fireplaces 0 Unit5 Range Oven N Unit5 Refrigerator N Unit5 Sq Ft 0 Unit5 Washer Dryer N Unit6 Bathrooms 0.00 Unit6 Bedrooms 1 Unit6 Dishwasher Y Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Unit6 Washer Dryer N Units Below Grade N

    Property Features

    Amenities Coin Op Laundry Bank Owned No Cap Rate 6.30 Electrical Expenses 2760 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 49500 Gross Rent Multiplier 9 Gross Scheduled Income 49500 Heating Expenses 1332 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1743 Leased Items None Net Operating Income 31500 New Construction YN No Other Expenses 7536 Possession Closing Power Company Pse Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Burlington Site Features Cable TVDeckGas AvailablePatio Tax Amount 2700 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 18000 Total Expenses TEX 18000 Total Monthly Income 4125 Unit1 Monthly Rent 400 Unit2 Monthly Rent 525 Unit3 Monthly Rent 475 Unit4 Monthly Rent 650 Unit5 Monthly Rent 475 Unit6 Monthly Rent 675 Vacancy Rate 0 Water Company Pud Water Sewer Garbage 1929 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Platinum Real Estate Partners and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Platinum Real Estate Partners are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-17T00:16:07.267.

     
    Platinum Real Estate Partners
    33434 8th Ave S
    Federal Way WA, 98003
    Listing Courtesy of Windermere Re Skagit Valley.