Mt. Vernon, WA 35 Unit Apartment Real Estate For Sale

Mount Vernon Real Estate

Mount Vernon WA

*Click here to join our buyers list to get property addresses

Potential gross rent of $22,000/month!

Click here for pictures!


Year Built: 1930

Total Living Sq Ft: 21,084

Studio Units – 14
-Avg rents $525

Studio + den – 6
– Avg rents $575

1 bed – 9
-Avg rents $650

1 bed + Den – 1
-Avg rents 675

Tax Assessed Value 1,015,000

4 story, 35 Unit apartment building at a significant discount

with a high return. This property is in downtown Mt Vernon

close to shopping centers.  Currently 20 units are occupied

brining in $11,333.00 a month in rent (owner pays utility bills).

There are 15 units vacant that need minor fixes to get them

rent ready. An investor should be able to get all of the units

rentable with $75,000 in TI.
After the units are fixed up with an average of $650 a unit the

property will bring in an additional $9,750 a month in rent.

Total gross rent will be around $22,000 a month. After

factoring expense and vacancy rate it brings this property to

around 23%!

*Numbers are not guaranteed accurate

Total Investor Acquisition = $809,000

Call or Email immediately to reserve this opportunity!

Talk soon,

Joe Bauer & Erik Bee

Confidentiality Notice: The information contained in and transmitted with this communication is strictly confidential, is intended only for the use of the intended recipient, and is the property of Seattle Real Estate Investing, LLC or its affiliates and subsidiaries. If you are not the intended recipient, you are hereby notified that any use of the information contained in or transmitted with the communication or dissemination, distribution, or copying of this communication is strictly prohibited by law. If you have received this communication in error, please immediately return this communication to the sender and delete the original message and any copy of it in your possession. The Company offers the details of this property in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the property. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. The property is offered subject to prior sale, price change, or withdrawal without notice.

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