1803 M Ave, Anacortes, WA 98221

Location, location, location for this turn of the century five-unit, includes owner weekend crash pad. 6+ cap rate. ($67,620 gross rents) High density zoning offers expansion opportunities. City recently confirmed high likelihood of submitting Boundary Adjustment and carve out cottage as separate parcel. (Buyer to verify.) Many upgrades including updated kitchens, flooring, insulation, wiring, new service panels, exterior painting, newer roofs, concrete walkways, copper plumbing, water heaters as needed. Extremely well maintained. Property includes two-story main house with upper and lower 2BR, 1BA units. House also has a 700 square foot daylight basement with 2 bedrooms & bath, but proper egress precludes legal renting. Detached furnished cottage, cute as can be, perfect for AirBnb. (Has own washer/dryer) Back 1BR unit has attached single car garage. And there’s more! A coin operated community laundry room, and a 360 square foot shop/storage area. Community patio recently upgraded. Central location makes renting easy. Walking distance to town, hospital, markets, Starbucks, schools and library. Property extremely well maintained.