Bought with Keller Williams Western Realty
$460,000
$459,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
1,784 SqFt
SOLD DATE : 12/14/2022
Key Details
Sold Price $460,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,784 sqft
Price per Sqft $257
Subdivision Burlington
MLS Listing ID 2006759
Sold Date 12/14/22
Style 52 - Duplex
Year Built 1973
Annual Tax Amount $3,190
Lot Size 0.309 Acres
Property Description
The duplex you've been waiting for! Located in a quiet part of Burlington next to parks and trail's this one level duplex is the perfect investment. Each unit features 2BD 1BA with 892 SF of living space, washer and dryer in each unit and an attached 1 car garage. 1602 unit has been recently updated with newer kitchen cabinets, counters and tile flooring, new baseboard heaters, newer paint and the bathroom has been updated. Both units have newer hot water heaters. Large 13,455 SF lot has tons of potential, currently each unit has a small fenced in back yard but could be vastly expanded with a new fence. Current rents make this a solid investment of a 5.7% CAP, if rents were brought up to market rents it would be a 7.2 CAP.
Location
State WA
County Skagit
Area 825 - Burlington
Interior
Interior Features Wall to Wall Carpet
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available Sewer Connected, Electric
Amenities Available Fenced-Partially
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Burlington
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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