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    755 Cumberland Street

    Hamilton, WA 98255
    • $350,000
    • STATUS: Pending
    • ON SITE: 185 days
    • ID#: 1710351
    Under Contract
    UPDATED: 13 min ago
    $350,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:
    Listing Courtesy of Rsvp Real Estate.

    Description

    Great investment opportunity with amazing CAP rate for a buyer willing to complete the value add. Over 3,700 sq ft with five units total; one stand alone bldg. w/1- 1br and one bldg. with four units, 1-1br and 3-2br. The upside to bring this up to current market rents in desirable Skagit County is huge. New roof, windows, paint and light remodel in four units in 2015. Laundry connections in one unit. Laundry room option available. Park like yard with very convenient SR 20 access, 16 minutes to Sedro Woolley and 26 min. to I-5. Buyer to take in current condition. Possible seller terms with large down. One unit currently not finished. Use current cash flow while completing the fifth unit for great profit.

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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 Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-20T11:14:07.633.

    www.pickettstreetproperties.com/homes/112648306
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    755 Cumberland Street Hamilton, WA 98255

    • Price: $350,000
    • Status: Pending
    • Updated: 13 min ago
    • ID#: 1710351
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    1900
    Built
    Neighborhood:
    Hamilton
    County:
    Skagit
    Area:
    Lyman/Hamilton
    School District:
    Sedro Woolley
    Property Description
    Great investment opportunity with amazing CAP rate for a buyer willing to complete the value add. Over 3,700 sq ft with five units total; one stand alone bldg. w/1- 1br and one bldg. with four units, 1-1br and 3-2br. The upside to bring this up to current market rents in desirable Skagit County is huge. New roof, windows, paint and light remodel in four units in 2015. Laundry connections in one unit. Laundry room option available. Park like yard with very convenient SR 20 access, 16 minutes to Sedro Woolley and 26 min. to I-5. Buyer to take in current condition. Possible seller terms with large down. One unit currently not finished. Use current cash flow while completing the fifth unit for great profit.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Paved Open Parking Spaces 10 Open Parking YN Yes Parking Total 10 Parking Uncovered Spaces 10 Roof Torch Down Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

    Interior Features

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

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric Expense 240 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 37440 Insurance Expense 2336 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalOwner Financing Net Operating Income 22176 New Construction YN No Possible Use Multi-Family Power Production Type ElectricPropane Property Sub Type Multi-Family Sewer Septic Tank Special Listing Conditions None Tax Annual Amount 2216 Tax Year 2020 Total Expenses 13392 Units In Building Total 5 Utilities SepticElectricity AvailablePropane Water Sewer Garbage 3600 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 Pickett Street Properties 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 Pickett Street Properties are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-20T11:14:07.633.

     
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    Pickett Street Properties
    22614 Bothell Everett Hwy
    Bothell WA, 98021
    Listing Courtesy of Rsvp Real Estate.