1133 E Fairhaven Ave 1-14 Burlington, WA 98233
Listing Courtesy of: Northwest MLS / Windermere Real Estate Northeast Inc. / Ron Volz and Skagit Tradition Realty, LLC

  1133 E Fairhaven Ave 1-14 Burlington, WA 98233

Sold (73 Days)
$915,000

Description

Downtown Burlington, 14 unit apartment building located in commercial area. Close to I-5 corridor, grossing over $123,000 thousand a year, with a proforma cap rate of 7.41&. Effective year 1972, 10 one bedroom units and 4 studios. Originally built as hospital, could be used as assisted living center, potential to add meters for utility charge back to raise cap rate up to 9-10%. Stucco exterior, lots of parking in area. Quiet neighborhood with parks, shopping within walking distance.

MLS #:
1278888
Taxes
$8,769(2017)
Lot Size
0.37 acres
Type
Multifamily
Year Built
1910
Style
10+ Units
Views
Territorial
School District
Burlington
County
Skagit County
Community
Burlington

Listed By

Ron Volz, Windermere Real Estate Northeast Inc.
Bought with
Carla Fischer, Skagit Tradition Realty, LLC
Source
Northwest MLS as distributed by MLS Grid
Last checked May 4 2024 at 2:38 AM PDT
Bathroom Details
Subdivision
  • Fairhaven Apartments
Lot Information
  • Alley
  • Corner Lot
  • Curbs
  • Paved Street
  • Sidewalk
Property Features
  • Cable Tv
  • Gas Available
  • High Speed Internet
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Hardwood
  • Vinyl
  • Wall to Wall Carpet
  • Laminate Tile
Exterior Features
  • Stucco
  • Wood
  • Roof: Torch Down
Utility Information
  • Utilities: Private
  • Sewer: Sewer Connected
  • Energy: Electric
School Information
  • Elementary School: Edison Elem
  • High School: Buyer to Verify
Additional Listing Info
  • Buyer Brokerage Commission: 3%
Disclaimer: Based on information submitted to the MLS GRID as of 2024 5/3/24 19:38. 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.