401 Stanford Drive, Mount Vernon, WA 98273
- $7,895,000
- 23,922
- SqFt
Listing courtesy of Windermere RE San Juan Islands.
- List Price
- $7,895,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2504730
- Days on Market
- 164
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 23,922
- Area Total SqFt
- 23922
- Annual Tax Ammount
- 54677
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 85,000
- Sewer
- Sewer Connected
Property Description
Large 45 unit apartment complex in 4 buildings located within walking distance of schools and the hospital. Situated on two corner lots (each parcel on corner lot) consisting of 1.95 acres and comprising 44-1 bedroom/1 bath units and 1-3 bedroom/3.5 bath unit. There is a management office and 3 "app-operated" laundry facilities on site. All parking is uncovered except the 3 bedroom unit has a 2 car garage. Buildings were originally constructed in 1977 and 1979. They have undergone complete rehab renovations. The units have vinyl-plank floors & stainless steel appliances including range/oven, fridge and dishwashers. The property is partially fenced. Siding and roofs are 6 & 7 yrs old.
Additional Information
- List Date
- 2026-04-09 15:28:12
- Community
- Mount Vernon
- Net Operating Income
- $469,307
- Gross Adjusted Income
- $720,480
- Gross Scheduled Income
- $758,400
- Total Monthly Income
- $41,303
- Insurance Expenses
- $32,933
- Water/Sewer/Garbage Expenses
- $45,897
- Gross Rent Multiplier
- 10.4
- Total Expenses
- $251,173
- Cap Rate
- 5.94
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 401
- Potential Terms
- Cash, Conventional
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
- Electric Expenses
- 10580
- Other Expenses
- 107086
- Energy Source
- Electric
- School District
- Mount Vernon
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $41,303
- Gross Scheduled Income
- $758,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $720,480
- Tax Year
- 2025
- Insurance Expense
- $32,933
- W/S/G Expenses
- $45,897
- Total Expenses
- $251,173
- Net Operating Income
- $469,307
- Gross Rent Multiplier
- 10.4
- Cap Rate
- 5.94
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.