Skip To Content

    1201 Warner Street

    Sedro Woolley, WA 98284
    • $749,000
    • STATUS: Contingent
    • ON SITE: 38 days
    • ID#: 1792660
    Under Contract
    UPDATED: 48 min ago
    $749,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Information

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

    Description

    Investor opportunity!!! 3 unit/triplex at end of Warner St. in the heart of Sedro Woolley. Larger unit was remodeled down to studs while other two units have been rented month to month. Rents are under valued. Two larger units are attached and smallest unit is detached. Smaller unit is connected to garage, which can be converted to shared storage, and utility/laundry is shared between smaller units. Courtyard is shared by all three units great for BBQs/ bon-fires. Abundant amounts of parking including a spot for RV w/ electrical hookup. Owner currently pays utilities but units are metered separately. Potential cap rate is calculated at 6% conservatively. Great rental with lots of upside potential for a creative investor.

    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 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 2021-07-25T15:13:55.763.

    www.betterpropertieslacey.com/homes/118361244
    Print Image

    1201 Warner Street Sedro Woolley, WA 98284

    • Price: $749,000
    • Status: Contingent
    • Updated: 48 min ago
    • ID#: 1792660
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1940
    Built
    Neighborhood:
    Sedro Woolley
    County:
    Skagit
    Area:
    Sedro Woolley
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Sedro Woolley Snr Hi
    School District:
    Sedro Woolley
    Property Description
    Investor opportunity!!! 3 unit/triplex at end of Warner St. in the heart of Sedro Woolley. Larger unit was remodeled down to studs while other two units have been rented month to month. Rents are under valued. Two larger units are attached and smallest unit is detached. Smaller unit is connected to garage, which can be converted to shared storage, and utility/laundry is shared between smaller units. Courtyard is shared by all three units great for BBQs/ bon-fires. Abundant amounts of parking including a spot for RV w/ electrical hookup. Owner currently pays utilities but units are metered separately. Potential cap rate is calculated at 6% conservatively. Great rental with lots of upside potential for a creative investor.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 1 Exterior Features Cement PlankedWood Lot Features Dead End StreetPaved Open Parking Spaces 8 Open Parking YN Yes Parking Features Rv Parking Parking Total 9 Parking Uncovered Spaces 8 Roof Composition Structure Type Triplex Style Code 53 - Tri-Plex View YN Yes Waterfront YN No

    Interior Features

    Fireplace YN No Flooring Ceramic TileConcreteLaminate Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Interior Features Concrete

    Property Features

    Electric Expense 2400 Electric On Property YN False Fuel Expense 2640 Gross Scheduled Income 45600 Insurance Expense 1008 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 28064 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvGas AvailableHigh Speed InternetRV Parking Special Listing Conditions None Tax Annual Amount 3700 Tax Year 2021 Total Expenses 15028 Units In Building Total 3 Utilities Cable ConnectedHigh Speed InternetNatural Gas AvailableSewer ConnectedElectricity Available Water Sewer Garbage 5280 Water Source Public Zoning Class Multi-Family 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 2021-07-25T15:13:55.763.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1792660-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1792660-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1792660-1.jpg
    Logo
    Better Properties Lacey
    3201 Willamette Dr NE, Ste E
    Lacey WA, 98516
    Listing Courtesy of Keller Williams Western Realty.