1133 E Fairhaven Ave 1-14 Burlington, WA 98233

Sold (85 Days)

$769,950

BED

BATH

8,100

SQFT

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Description

14 Unit Apartment building, 8.23% Cap rate, located in the commercial district of a thriving community along the I-5 Corridor, Grossing $108,720 income. Effective Year 1972, 3 stories includes 10 -1 bed and 4 Studios, originally built as hospital, could be used as assisted living center & capitalize on the income at $3000 a unit, add meters and utility charge back to raise cap rate to 9-10%, Assumption on loan balance of $417,000.

MLS #:
905944

Taxes
$5,781(2016)

Lot Size
0.37 acres

Type
Multifamily

Year Built
1910

Style
10+ Units

School District
Brl

County
Skagit Co.

Community
Burlington

Listed By

Wendy Pedersen, Sterling, Johnston & Assoc

Bought with
Ronald Volz, John L. Scott Bellevue North

Source
Northwest MLS as distributed by MLS Grid
Last checked May 3 2024 at 10:01 PM PDT

Bathroom Details

Lot Information

Sidewalk
Paved Street
Open Space
Curbs

Property Features

Foundation: Poured Concrete

Heating and Cooling

Baseboard

Flooring

Laminate Hardwood

Exterior Features

Stucco
Roof: Torch Down

Utility Information

Utilities: Public
Sewer: Sewer Connected
Energy: Natural Gas, Electric

Disclaimer: Based on information submitted to the MLS GRID as of 2024 5/3/24 15:01. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.