506-528 Orchard Place $3,950,000

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    506-528 Orchard Place Burlington, WA 98233

    • 0 Beds
    • 0 Baths
    • 23,272 sq.ft.
    • Multi-Family
    Listing# 1491982 | Pending

    $3,950,000

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    Days On Market: 30 0 Views
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    Property Details

    28 unit apartment building in Burlington, Washington. Easy access to I-5 and Highway 20 from this convenient location. Mostly 2 bedroom 1 bath units of approximately 840 square feet are easy to rent and many tenants have been long time residents. Close to retail outlets, shops and restaurants in Burlington. Financial information provided upon request.

    • General Features
      • County Skagit
      • Style 56-10+ Units
      • Number of Stories 2
      • Number of Units 28
      • Year Built 1980
      • Lot Details Paved Street
      • Lot Square Footage 61,603
      • Site Features Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
      • View Territorial
      • County Skagit
    • Building Features
      • Approx SqFt 23,272
      • Roof Compostion
      • Exterior Wood Products
      • Floor Covering Laminate Hardwood, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $31,470
      • Net Operating Income $237,154
      • Gross Scheduled Income $377,640
      • Gross Adjusted Income $368,199
      • Total Expenses $139,886
      • Other Expenses $65,426
      • Insurance Expenses $15,000
      • Expenses $139,886
      • Heating Expenses $0
      • Electrical Expenses $0
      • Gross Rent Multiplier 10
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $26,460
      • Energy Source Electric
      • Heating and Cooling Baseboard
      • Water Company Burlington
      • Sewer Company Sewer Connected
    • Schools
      • School District Burlington
      • Senior High Burlington Edison Hi
      • Junior High Buyer To Verify
      • Elementary School Buyer To Verify

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    Neighborhood

    98233 (Burlington) Demographics

    39Median Age
    440Population Density (per sq. mile)
    29%College Educated
    $54,789 Estimated Median Income
    3,667Estimated Total Home Owners
    2,215Estimated Total Renters
    62% / 38%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    14,896Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $340,000 Median Sales Price
    22 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: $3,950,000
        7/18/2019 12:01:19 PM Status Changed Source New Value: Pending
        7/18/2019 8:22:00 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.