309 Milwaukee St

    Mount Vernon, WA 98273
    • $699,000
    • STATUS: Active
    • ON SITE: 118 days
    • ID#: 1558768
    UPDATED: 38 min ago
    $699,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1931
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Bellwether Real Estate.

    Description

    Fantastic investment opportunity! Offered at 6.5% CAP RATE! Great opportunity to own a multi-purpose historic building in downtown Mt. Vernon. Currently operated as a restaurant, specialty grocery store and a three bedroom, one bathroom apartment upstairs. Great store fronts and large warehouse offer potential for expansion into brewery, bakery, fitness center, you name it! Zoned multi-family for up to 36 units! Tons of potential for rental income as is or build to suit your needs.

    Monthly Payment Calculator



    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 The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T16:15:39.9.

    www.thekendratoddgroup.com/homes/102649882

    309 Milwaukee St Mount Vernon, WA 98273

    • Price: $699,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 1558768
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1931
    Built
    Neighborhood:
    Downtown
    County:
    Skagit
    Area:
    Mount Vernon
    Property Description
    Fantastic investment opportunity! Offered at 6.5% CAP RATE! Great opportunity to own a multi-purpose historic building in downtown Mt. Vernon. Currently operated as a restaurant, specialty grocery store and a three bedroom, one bathroom apartment upstairs. Great store fronts and large warehouse offer potential for expansion into brewery, bakery, fitness center, you name it! Zoned multi-family for up to 36 units! Tons of potential for rental income as is or build to suit your needs.
    Exterior Features

    Exterior BrickCement/ConcreteStucco Lot Depth 0 Lot Topography And Vegetation Level Roof CompositionFlat Site Frontage 0 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 8385 Floor Covering Ceramic TileVinyl Heating And Cooling Forced Air Office Sq Ft 0 Total Sq Ft Rented 4650

    Property Features

    Assessed Value Improvements 319600 Assessed Value Land 89900 Assessed Value Total 409500 Assessed Value Year 2019 Available Pads 0 Bank Owned No Boundary Survey 6.50 Commercial Features StorageJ Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification BusinessCommercialResidentialRetail Gross Adjusted Income 45791 Gross Rent Multiplier 0 Gross Scheduled Income 55800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3537 Net Operating Income 0 Other Expenses 1500 Possession NegotiableSee RemarksSub. Tenant's Rights Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company Skagit County Pud Tax Amount 4972 Tax Year 2019 Terms Cash Out Third Party Approval Required None Total Expenses EXP 10009 Total Expenses TEX 10009 Total Monthly Rent 4650 Vacancy Rate 0 Water Company Skagit County Pud Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 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 The Kendra Todd Group at Keller Williams 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 The Kendra Todd Group at Keller Williams are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-05-26T16:15:39.9.

     
    The Kendra Todd Group at Keller Williams
    1307 N. 45th Street Suite 300
    Seattle WA, 98103
    Listing Courtesy of Bellwether Real Estate.