Investor Alert – Exceptional Cash-Flow Opportunity with Future Value-Add Potential! Now generating $6,395 per month in gross rental income, this turnkey 4-plex offers immediate cash flow with future flexibility. The property consists of a newly renovated triplex plus a detached 2-bedroom, 1-bath home on one lot, with the potential to… Read More adjust the lot line and create two separate properties—a standalone home and a triplex (buyer to verify feasibility). Extensively updated, the units feature new appliances, mini-split heating and cooling systems, flooring, windows, kitchens, and bathrooms. Each unit is separately metered for simplified utility management. The triplex includes a one-car garage and additional basement storage. Whether you're looking to maximize your investment or occupy one residence, this property offers outstanding flexibility. Choose to adjust the lot line and sell one property while keeping the other, live in the detached home and rent the triplex, or maintain all four units as income-producing rentals. The detached home features a spacious yard, off-street parking, and scenic river views, making it an attractive rental or owner-occupied residence. Conveniently located near shopping, downtown amenities, and freeway access, this property combines strong in-place income, recent renovations, and future upside. Don't miss this exceptional investment opportunity! Read Less
Listing courtesy of Windermere RE Whatcom, Inc.
Listing Snapshot
Cumulative Days On Market
32
Days on Website
32
Last Updated
Property Type
Quadruplex
Square Ft.
2,891
Lot Size
0.22 Acres
Year Built
1917
Property Tax
$6,635
MLS Number
2562279
30 Days Snapshot Of 98273
$516k
-23%
(avg) sold price
25
-32%
homes sold
59
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 2891, Building Area Units: Square Feet, Calculated Square Footage: 2891, Construction Materials: Wood, Construction Methods: Standard Frame, Elevation Units: Feet, Leasable Area: 2891, Living Area: 0, Number Of Units Total: 5, Stories Total: 2, Structure Type: Quadruplex, Units In Building Total: 4, Year Built: 1917, Year Built Effective: 2022
Cooling
Cooling: Ductless
Expenses
Other Expense: 1574
Exterior Features
Exterior Features: Wood
Fireplaces
Fireplaces Total: 0
Floors
Flooring: Vinyl, Vinyl Plank
Foundation
Foundation Details: Poured Concrete
Garage
Garage Spaces: 1
Heating
Heating: Ductless
Home Owner's Association
Association Fee: $0
Income
Net Operating Income: 66000
Lot
Features: Paved, 0 acres, 9581 square feet, View: River, Territorial
Property Condition: Good, Site Features: Shop, Zoning Description: Multi-Family
Roof
Roof: Shake
Sewer
Sewer: Sewer Connected, Sewer Company: City of MV
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: PSE, Power Production Type: Electric, Natural Gas, Water Company: City of Mt Vernon, Water Source: Public
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. Listings last updated on ,
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