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107 N 7th, Mount Vernon, WA 98273
$875,000Just Listed
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- Multi-Family
- Updated 23 hours ago
Listed by Chris Edwards | RE/MAX Whatcom County, Inc. | (360) 647-1313
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107 N 7th, Mount Vernon, WA 98273View this property at 107 N 7th, Mount Vernon, WA 98273
107 N 7thMount VernonWA98273
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Property Description
Here is your chance to own a 7 unit building in a quiet residential neighborhood. Whether you're an experienced investor aiming to diversify or newcomer seeking reliable entry into the market, this 7-plex combines stability with growth potential. Located east of the city, out of the flood plain, near plenty of employers/commerce including the local hospital, community college and tons of shopping and eateries. Some units have been remodeled/updated with vinyl windows, paint, lighting, and new flooring/carpet. Coin operated laundry in basement and plenty of off-street parking. Bus stop 1 block away. Solid 6.4% CAP rate and all units are currently leased providing immediate rental income and a strong addition to any investment portfolio.
Full Property Details
Full Property Detailsfor 107 N 7th
General
- Price: $875,000
- Taxes: $6,388 (2023)
- Status: Active
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2282866
- Updated: 9/30/2024
- Added to Site: 1 day(s) ago
Parking
- Uncovered Spaces: 6
Location
- Area: 835 - Mount Vernon
- County: Skagit
- Subdivision: Mount Vernon
- Driving Directions: Follow I-5 N Take exit 226, Kincaid St/WA-536 W, right onto Broad St, Turn left onto S 10th St, Turn left onto E Division St, Turn right onto N 7th St, Destination will be on the left.
School Information
- High School District: Mount Vernon
Heating & Cooling
- Cooling Type: None
- Heating Type: Insert
Utilities
- Sewer: Sewer Connected
Structural Information
- Structure Type: Multi Family
- Exterior Const.: See Remarks, Wood Products
- Foundation: Poured Concrete
- Roof: Composition, See Remarks
- Stories in Building: 3
- Square Feet: 3,000
- Aprox. Leasable: 2,656 Sq. Ft.
- Year Built: 1900
Unit Information
- Units in Building: 7
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size Source: Public Records
- Zoning: Multi-Family
Financial Considerations
- Tax Amount: $6,388
- Tax Year: 2023
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: P54578
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Listed by Chris Edwards | RE/MAX Whatcom County, Inc. | (360) 647-1313
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Save up to an additional 20% by bundling your home and auto together!
Schools
Schoolsserving 107 N 7th
School District:Mount Vernon School District
| Rating | Name | Grades | Distance |
|---|---|---|---|
400 53rd St, Mount Vernon, WA 98273 | K-6 | 0.5 mi | |
1200 N Laventure Rd, Mount Vernon, WA 98273 | 7-8 | 1.1 mi | |
314 N 9th St, Mount Vernon, WA 98273 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided byGreatSchools. Ratings are on a scale of 1-10.Learn more about GreatSchools ratings.School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales Historyfor 107 N 7thGet Price Alerts and Save Property
Date
Details
Price
Change
Source
9/30/2024
Listed
$875,000
20.69%
MLS
4/01/2022
Sold
$725,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax Historyfor 107 N 7th
Year
Property Taxes
Change
Tax Assessment
Change
2021
$6,206
—
$624,800
27%
2021
$6,206
11%
$492,200
14%
2020
$5,584
46%
$430,600
29%
2019
$3,814
-21%
$333,100
3%
2018
$4,806
10%
$323,100
9%
2017
$4,389
-1%
$297,600
—
2016
$4,432
-11%
$297,600
-7%
2015
$4,960
2%
$320,900
—
2014
$4,863
—
$320,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Costfor 107 N 7th
Listed by Chris Edwards | RE/MAX Whatcom County, Inc. | (360) 647-1313
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- Single Family
- Active
- Updated 5 days ago
3
Beds
2
Total Baths
1,292
Sq. Ft.
Listed by Shalyce Pocock | John L. Scott Anacortes
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- Single Family
- Active
- Updated 5 days ago
3
Beds
2
Total Baths
1,118
Sq. Ft.
Listed by Megin Robertson | NextHome Preview Properties
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- Mobile Home
- Active
- Updated 15 hours ago
2
Beds
1
Total Bath
896
Sq. Ft.
Listed by Chloe Pattenaude | Coastal Realty and Allison Trimble | Coastal Realty
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- Single Family
- Active
- Updated 14 hours ago
3
Beds
2
Total Baths
1,349
Sq. Ft.
Listed by Ryan Lacoste | Infinity Properties
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Price Reducednear 107 N 7th
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- Single Family
- Active
- Updated 4 days ago
3
Beds
2
Total Baths
1,692
Sq. Ft.
Listed by Rosemary Parker | Tucker Realty ERA Powered
Save
- Single Family
- Active
- Updated 6 days ago
3
Beds
2
Total Baths
1,683
Sq. Ft.
Listed by Chad Paulsen | NextHome 365 Realty
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- Single Family
- Active
- Updated 6 days ago
3
Beds
2
Total Baths
2,097
Sq. Ft.
Listed by Becky Elde | Windermere RE/North Cascades
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- Single Family
- Active
- Updated 4 days ago
3
Beds
3
Total Baths
2,899
Sq. Ft.
Listed by Megan S. O'Bryan | Windermere RE Skagit Valley and Spencer Roozen | Windermere RE Skagit Valley
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- Single Family
- Closed
4
Beds
5
Total Baths
3,226
Sq. Ft.
Listed by Danielle Martin | Windermere RE Skagit Valley
Sold by Gay Harper | John L. Scott Anacortes
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- Single Family
- Closed
3
Beds
3
Total Baths
1,940
Sq. Ft.
Listed by Justin G Cicero | Windermere Real Estate Central
Sold by DiAnn Sager | RE/MAX Gateway
Save
- Office
- Closed
Listed by Mike Parry | Bellwether Real Estate and Alexandra Selene | Bellwether Real Estate
Sold by Non Member ZDefault | ZNonMember-Office-MLS
Save
- Single Family
- Closed
4
Beds
2
Total Baths
2,125
Sq. Ft.
Listed by Si Fisher | Windermere RE/South Whidbey and Megan S. O'Bryan | Windermere RE Skagit Valley
Sold by Marilyn Buck | Buck Real Estate
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107 N 7th, Mount Vernon, WA 98273 (MLS# 2282866) is aMulti-Family property with 7 units containing 0 bedrooms and 0 full bathrooms.107 N 7th is currently listed for $875,000 and was received on September 30, 2024.Want to learn more about 107 N 7th?Do you have questions about finding otherMulti-Familyreal estate for salein Mount Vernon?You can browse all Mount Vernon real estate orcontact a Coldwell Banker agent to request more information.
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