107 N 7th
Mount Vernon, WA 98273
- – beds
- – baths
- 3,000 sqft
- 8,712 sqft lot
- $291 per sqft
- 1985 build
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.
Listing courtesy of NWMLS / RE/MAX Whatcom County, Inc.
Last checked:
Checking…
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Last updated Sep 30, 2024
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MLS# 2282866 —
The Building
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Year Built:1900
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Year Built:1985
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Year Built Source:See Remarks
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New Construction:false
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Structure Type:Multi Family
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Exterior Features:See Remarks, Wood Products
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Roof:Composition, See Remarks
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Units In Building Total:7
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Foundation Details:Poured Concrete
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# of Units Total:7
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Stories Total:3
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Building Area Total:3000
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Building Area Units:Square Feet
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Calculated SqFt:3000
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SqFt Source:Approximate measurement
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:48.421459
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Longitude:-122.332146
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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.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:P54578
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Lot Size Units:Square Feet
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Lot Size Acres:0.2
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Lot Size SqFt:8712
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Lot Size Source:Public Records
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Zoning Class:Multi-Family
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Possible Use:Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (360) 647-1313
- Office phone:
- (360) 647-1313
Taxes
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Tax Year:2023
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Tax Annual Amount:6388
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Insert
Utilities
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Water Company:Skagit Pud
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Sewer:Sewer Connected
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Sewer Company:Mount Vernon
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Power Company:Pse
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Water Sewer Garbage:4800
Schools
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High School District:Mount Vernon
The Community
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Subdivision Name:Mount Vernon
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Senior Community:false
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Association:false
Parking
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Parking Total:6
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Parking Uncovered Spaces:6
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Open Parking:true
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Open Parking Spaces:6
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Carport:false
Listing courtesy of NWMLS / RE/MAX Whatcom County, Inc.
This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Tue Nov 05 2024 03:09 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/30/24
Sep 30, 2024
|
Listed / Active | NWMLS | $875,000 | 193.6% (12.3% / YR) |
1/6/09
Jan 6, 2009
|
NWMLS | $298,072 |