222 N 15th St - Apartments FOR SALE


Mount Vernon, WA 98273
$6,600,000 USD
360-421-4111
222 N 15th St, Mount Vernon, WA for Sale
$6,600,000 USD
Apartments - FOR SALE
1/8
null | 5.3% Cap Rate

222 N 15th St
Mount Vernon, WA 98273


HIGHLIGHTS

  • Nice layout with good storage
  • Onthe Mount Vernon Hill out of the flood plain
  • Close to schools, medical, retail and restaurants
  • Close proximity to I-5, Division, College Way

OVERVIEW

Well taken care of 33 unit apartment complex located on the hill in Mount Vernon. Most units have been remolded during tenant change over. Rents are under market providing a good upside for a buyer. Very low vacancy. Complex is close to schools, medical, retail and restaurants. Within close proximity to I-5, Division St., College Way and Riverside Drive.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

33

PRICE/UNIT

$200,000

CAP RATE

5.3%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VILLORBA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

MF

APN/PARCEL ID

P26895,P26901,P26902

ASK ABOUT THIS PROPERTY

Balisa KoetjeWindermere Real Estate / Skagit ValleyMore Info
360-421-4111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Balisa KoetjeWindermere Real Estate / Skagit ValleyMore Info
360-421-4111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.