110 Stanford, Mount Vernon, WA 98273

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Listing Broker: Windermere RE Skagit Valley; Balisa E Koetje; ; Selling Office: HomeSmart One Realty.

Sold Price
$1,007,000
List Price
$1,007,000
Status
SOLD
MLS#
2477745
Closing Date
Mar 31, 2026
Days on Market
25
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,588
Area Total SqFt
3588
Annual Tax Ammount
6716
Lot Size (sq ft)
12,197
Sewer
Sewer Connected

Property Description

WELL, MAINTAINED 4 PLEX AT THE CORNER OF DIVISION AND STANFORD STREET. LOCATED ON THE HILL TOP OUT OF THE FLOOD PLAIN AND CONVENIENT TO MEDICAL, SCHOOLS, RESTAURANTS AND RETAIL. UNITS REMODELED IN 2021 AND CONFIGURATION IS IN AN "L" SHAPE WITH OFF STREET PARKING AVIALABLE. ONSITE LAUNDRY AND NEWER ROOF. WATER, SEWER, GARBAGE INCLUDED IN OTHER UTILITIES. SHOWING APPOINTMENTS THROUGH THE LISTING OFFICE WITH A MUTUALLY ACCEPTABLE OFFER.

Additional Information

List Date
2026-03-06 00:00:00
Community
Mt Vernon Hill
Net Operating Income
$62,953
Gross Adjusted Income
$76,560
Gross Scheduled Income
$78,760
Total Monthly Income
$6,565
Insurance Expenses
$1,491
Water/Sewer/Garbage Expenses
$4,665
Gross Rent Multiplier
12.8
Total Expenses
$15,807
Cap Rate
6.25
Total Number of Units
4
Unit Name
110
Potential Terms
Conventional
Year Built
1977
Roof
Composition
Other Expenses
2935
Energy Source
Electric
School District
Mount Vernon
Total Monthly Income
$6,565
Gross Scheduled Income
$78,760
Gross Adjusted Income
$76,560
Tax Year
2026
Insurance Expense
$1,491
W/S/G Expenses
$4,665
Total Expenses
$15,807
Net Operating Income
$62,953
Gross Rent Multiplier
12.8
Cap Rate
6.25
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.
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