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10693 District Line Road

Burlington, WA 98233
  • $499,000
  • STATUS: Pending
  • ON SITE: 41 days
  • ID#: 1796485
Under Contract
UPDATED: 14 min ago
$499,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Keller Williams Western Realty.

Description

Investor opportunity!! 2 bed/1 bath duplex located in peaceful, scenic farmland area, but conveniently located just minutes from town and freeway. New updates including flooring and fixtures. Large backyards are fenced and back up to a wooded area for lots of natural privacy. Each unit has it's own garage and separate washer/dryer for max rents. Tenants to leave by July 31st. Current rent rates are undervalued. Potential to increase cap rate, or live in one side and rent out the other. Plenty of parking. Only the 2nd owners-always maintained and cared for. If you've been looking for an investment property, you just found it.

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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 Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T07:14:29.297.

www.betterpropertieslacey.com/homes/118660338
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10693 District Line Road Burlington, WA 98233

  • Price: $499,000
  • Status: Pending
  • Updated: 14 min ago
  • ID#: 1796485
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1975
Built
Neighborhood:
Burlington
County:
Skagit
Area:
Burlington
Elementary School:
Buyer To Verify
Middle School:
Out of District
High School:
Burlington Edison Hi
School District:
Burlington
Property Description
Investor opportunity!! 2 bed/1 bath duplex located in peaceful, scenic farmland area, but conveniently located just minutes from town and freeway. New updates including flooring and fixtures. Large backyards are fenced and back up to a wooded area for lots of natural privacy. Each unit has it's own garage and separate washer/dryer for max rents. Tenants to leave by July 31st. Current rent rates are undervalued. Potential to increase cap rate, or live in one side and rent out the other. Plenty of parking. Only the 2nd owners-always maintained and cared for. If you've been looking for an investment property, you just found it.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 2 Exterior Features Wood Open Parking Spaces 6 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 6 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring Vinyl Plank Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 36000 Insurance Expense 3250 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalFhaVa Loan Net Operating Income 28100 New Construction YN No Possible Use Multi-FamilyResidential Power Production Type Electric Property Condition Very Good Property Sub Type Multi-Family Sewer Septic Tank Site Features Fenced-PartiallyPatio Special Listing Conditions None Tax Annual Amount 3450 Tax Year 2021 Total Expenses 7900 Units In Building Total 2 Utilities SepticElectricity Available Water Sewer Garbage 1200 Water Source Public Zoning Class Multi-FamilyResidential Zoning Jurisdiction City

Listing information © 2021 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 Better Properties Lacey 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 Better Properties Lacey are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T07:14:29.297.

 
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Better Properties Lacey
3201 Willamette Dr NE, Ste E
Lacey WA, 98516
Listing Courtesy of Keller Williams Western Realty.