401 Stanford Dr Immeuble residentiel 45 lots 7 474 050 € (166 090 €/Lot) Taux de capitalisation 5,78 % Mount Vernon, WA 98273

Large 45 unit apartment complex in 4 buildings located within walking distance of schools & the hospital. Situated on 1.95 ac. & comprising of 44-1 bed/1 bath units & one-3 bed/3.5 bath unit. There is a management office & three coin operated laundry facilities on site. All parking is uncovered except the 3 bed unit has a 2-car garage. Buildings were originally constructed in 1977 & 1979 & have undergone complete rehab renovations in 2018 and 2022. Renovations on buildings 401 and 403 were completed earlier & are fully rented. Renovations on 404-406 have just been finished & are currently renting up. Units have vinyl floors, stainless steel appliances including range/oven, fridge & dishwashers. The property is partially fenced. Ext. siding and roofs are 5-6 years old.
Potential Gross Income when fully rented at $1375 for 20 units 1/1; $1365 for 18 units 1/1; $1325 for 2 units 1/1 and $2625 for 1 unit 3/3.5 - is $754,140/year. For showings of 401, the large 3 bedroom 3.5 bath unit, please contact Bryan Long, property manager at 360-685-0123. Many units in 404-406 are currently rented. The units in 402-403 are tenant occupied & can be seen when we receive an offer. All units are identical except for the three units in building 401 (Two larger 1/1 and one 3/3.5).