Listing Office: Kidder Mathews Northwest Multiple Listing Service Logo

1011 E Division Street, Mount Vernon, WA


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Square feet



About 1011 E Division Street

Great Return on a value-add property. 12 total units, with a healthy unit mix of 1's 2's and a 3 bedroom units. Current 5.8% Cap Rate with room for value add to turn this investment into a 8% cap rate property. Located right next to the Mount Vernon Highschool and Skagit County Hospital. Property consists of 10 parking spots and common laundry for tenants. Rents and financials are actuals.

Features of 1011 E Division Street

MLS® # 2045433
Price $2,300,000
Bathrooms 0.00
Square Footage 9,245
Acres 0.21
Year Built 1936
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information

Address 1011 E Division Street
Area 835 - Mount Vernon
Subdivision Downtown
City Mount Vernon
County Skagit
State WA
Zip Code 98274


Parking Spaces 10
Is Waterfront No


Interior Features Wall to Wall Carpet
Heating Baseboard
Cooling None
Fireplace No
# of Stories 2


Exterior Features Stucco, Wood
Lot Description Curbs, Paved, Sidewalk
Foundation Poured Concrete

School Information

District Mount Vernon

Additional Information

Days on Market 5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKidder Mathews

Listing Map

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