One of a kind investment opportunity! Centrally located in Mt Vernon, just minutes from I-5, High School, Hospital, College, shops and restaurants! This easily self-managed property with minimal expenses has unmatched character and charm. Current CAP rate at 5.3%, NOI $27,901 is under market and owner currently pays all expenses! Tenants only pay rent! Building has extra space that could increase rents by $700/mo. NEW sewer installed and many upgrades. Perfect combination of location and income!
Sold for $560,000 on 10/20/23
$560,000
414 E Lawrence St, Mount Vernon, WA 98273
--beds
0baths
2,626sqft
MultiFamily
Built in 1927
-- sqft lot
$611,500 Zestimate®
$213/sqft
$2,626 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Other, Electric, Gas, Wood / Pellet
Appliances
- Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
Features
- Flooring: Softwood, Tile, Hardwood, Linoleum / Vinyl
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,626 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off-street, On-street
Features
- Exterior features: Stucco, Wood
- Has view: Yes
- View description: Territorial, City, Mountain
Lot
- Size: 4,356 sqft
Details
- Parcel number: 37640070200100
Construction
Type & style
- Home type: MultiFamily
Materials
- concrete
- Foundation: Concrete
- Roof: Composition
Condition
- Year built: 1927
Community & neighborhood
Location
- Region: Mount Vernon