1900 S 3rd $2,900,000

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    1900 S 3rd Mount Vernon, WA 98273

    • 1.22 Acres
    • Commercial/Industrial
    Listing# 1475344 | Active

    $2,900,000

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    Days On Market: 65 0 Views
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    Property Details

    Great mixed-use property in South Mount Vernon comprised of an approx. 4,920 SF building built in 1986 for the Department of Motor Vehicles (DMV) with parking for approximately 45, an 8 Plex and a residential house converted into a duplex. Note - Utility Category Expense includes electricity along with water/sewer/garbage Apartments built in 1941

    • General Features
      • County Skagit
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 13,160
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 4,920
      • Total Uncovered Parking 45
      • Total Covered Parking 0
    • Building Features
      • Foundation Poured Concrete
      • Roof Composition
      • Floor Covering Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Baseboard
    • Property Features
      • Lot Square Footage 53,191
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 16108
      • Sewer Sewer Connected
      • Sewer Company City
      • Energy Source Electric
      • Power Company PSE
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 13,160
      • Total Monthly Rent $19,866
      • Gross Rent Multiplier 12
      • Cap Rate -NOI div LP 5.9
      • Gross Scheduled Income $231,192
      • Gross Adjusted Income $231,192
      • Total Expenses $60,558
      • NOI $170,634
      • Electrical Expenses $0
      • Tax Expense $14,994
      • Heating Expense $0
      • Insurance Expense $3,640
      • Annual Assoc. Dues $0
      • Other Expenses $25,816
      • Tax Year 2019

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    Neighborhood

    98273 (Mount Vernon) Demographics

    35Median Age
    357Population Density (per sq. mile)
    31%College Educated
    $51,613 Estimated Median Income
    6,419Estimated Total Home Owners
    4,172Estimated Total Renters
    61% / 39%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    29,994Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $309,000 Median Sales Price
    37 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,900,000
        6/17/2019 11:01:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.