1133 E Fairhaven Ave , 1-14

    Burlington, WA 98233
    • $950,000
    • STATUS: Pending Inspection
    • ON SITE: 152 days
    • ID#: 1278888
    Under Contract
    UPDATED: 68 min ago
    $950,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,100
      SQFT
    • $117
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Information

    Elementary School:
    High School:
    School District:
    Listing Courtesy of Windermere R.E. Northeast, Inc.

    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.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-23T21:15:52.907.

    www.resg.com/homes/82863405

    1133 E Fairhaven Ave , 1-14 Burlington, WA 98233

    • Price: $950,000
    • Status: Pending Inspection
    • Updated: 68 min ago
    • ID#: 1278888
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    8,100
    SQFT
    $117
    $/SQFT
    1910
    Built
    Neighborhood:
    Burlington
    County:
    Skagit
    Area:
    Burlington
    Elementary School:
    Edison Elem
    High School:
    Buyer To Verify
    School District:
    Burlington
    Property 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.
    Exterior Features

    Building Condition Very Good Carport Spaces 0 Exterior StuccoWood Foundation Poured Concrete Garage Spaces 0 Lot Details AlleyCorner LotCurbsPaved StreetSidewalk Roof Torch Down Stories In Building 3 Style 56 - 6-9 Units Total Parking Spaces 20 Uncovered Spaces 20 View Territorial

    Interior Features

    Floor Covering HardwoodLaminate TileVinylWall to Wall Carpet Heating And Cooling BaseboardHot Water Recirc Pump Unit1 Bathrooms 0.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 0 Unit2 Bathrooms 0.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 0 Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities BasementCoin Op LaundryStorage Bank Owned No Cap Rate 9.00 Electrical Expenses 11525 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialMulti-Family Gross Adjusted Income 123917 Gross Rent Multiplier 14 Gross Scheduled Income 123917 Heating Expenses 1352 Hers Index 0 Home Owner Dues 0 Insurance Expenses 4299 Leased Items None Lot Number 13 Net Operating Income 68354 New Construction YN No Other Expenses 17621 Possession Closing Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Site Features Cable TVGas AvailableHigh Speed Internet Tax Amount 8769 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 55562 Total Expenses TEX 55562 Total Monthly Income 10560 Unit1 Monthly Rent 0 Unit2 Monthly Rent 0 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company Public Water Sewer Garbage 11994 Water Source Private Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Real Estate Solutions Group - NWRE LLC and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-09-23T21:15:52.907.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Windermere R.E. Northeast, Inc.