516 S Anacortes St $479,900

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    516 S Anacortes St Burlington, WA 98233

    • 0 Beds
    • 0 Baths
    • 2,787 sq.ft.
    • Multi-Family
    Listing# 1454765 | Active
    Days On Market: 162 1 Views
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    Property Details

    Turnkey investment opportunity, with a cap rate of 6.3% Duplex unit is a 1 bed/1 bath with garage, 2nd unit is a 6 bedroom, all rooms are rented individually, 2 rooms are rented month to month, other 4 rooms are long term renters (4-7 yrs) with common areas (2 kitchens and 3.5 baths). All rents total $4125 a month. Most utilities are paid by the landlord. There are separate gas and electric meters for both units. New Roof! Excellent location close to restaurants, stores, shopping, and bus stop.

    • General Features
      • County Skagit
      • County Skagit
      • Lot Details Alley, Paved Street, Sidewalk
      • Lot Dimensions 54X104
      • Lot Square Footage 5,616
      • Number of Stories 2
      • Number of Units 7
      • Site Features Cable TV, Deck, Gas Available, Patio
      • Style 52-Duplex
      • Year Built 1923
    • Building Features
      • Roof Compostion
      • Exterior Wood
      • Amenities Coin Op Laundry
      • Approx SqFt 2,787
      • Floor Covering Ceramic Tile, Vinyl, Wall to Wall Carpet
    • Financials
      • Total Monthly Income $4,125
      • Net Operating Income $31,500
      • Gross Scheduled Income $49,500
      • Gross Adjusted Income $49,500
      • Total Expenses $18,000
      • Other Expenses $7,536
      • Insurance Expenses $1,743
      • Expenses $18,000
      • Heating Expenses $1,332
      • Electrical Expenses $2,760
      • Gross Rent Multiplier 9
    • Utilities and Taxes
      • Tax Year 2019
      • Tax Amount $2,700
      • Energy Source Electric, Natural Gas
      • Heating and Cooling Baseboard, Forced Air, Stove/Free Stdg, Wall
      • Water Company PUD
      • 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

    $322,750 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: $479,900
        7/31/2019 10:11:21 AM Price Reduced Source New Value: $479,900 -2.04%
        6/5/2019 9:01:15 AM Price Reduced Source New Value: $489,900 -2%
        5/10/2019 9:11:00 AM New in Database Source New Value: $499,900

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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.