Bought with COMPASS
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Key Details
Sold Price $1,180,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,136 sqft
Price per Sqft $285
Subdivision Anacortes
MLS Listing ID 2268444
Sold Date 08/28/24
Style 55 - 5-9 Units
Year Built 1900
Annual Tax Amount $6,948
Lot Size 5,659 Sqft
Property Description
Incredible opportunity to acquire a well-maintained 5-plex in beautiful Anacortes in great condition! With all five units currently leased, this property guarantees immediate rental income and a hassle-free investment. 3 units are 2 bed/ 1 bath. 2 units are 1 bed/ 1 bath. Washers and dryers in each unit. Each unit has its own electrical meter that renter pays. Seller pays for Water/Sewer/Garbage. Boasting a cap rate of 5.98%, this 5-plex is a valuable addition to any portfolio. Whether you're an experienced investor looking to expand or a newcomer seeking a solid market entry, this property offers both stability and growth potential. Don’t miss out on owning a high-performing asset in one of Washington’s most desirable locations!
Location
State WA
County Skagit
Area 815 - Anacortes
Interior
Interior Features Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Alley, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Anacortes
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Gini Anderson
Managing Broker | License ID: 27862
Managing Broker License ID: 27862