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    511 Morris Street

    La Conner, WA 98257
    • $1,800,000
    • STATUS: Active
    • ON SITE: 125 days
    • MLS #: 1745273
    UPDATED: 14 min ago
    $1,800,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2008
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Re/Max Whatcom County, Inc..

    Description

    Amazing opportunity in the heart of La Conner! This fully sprinkled building features three commercial units on the main level & three, 1,200 SF apartments on the 2nd level. All upper units were originally designed to be 2 bedrooms but the owner opted for huge living rooms but can easily be converted into 2 bedroom units. Huge decks on the upper level are a great place to relax & enjoy the sunshine! Nice big windows in all the units make these feel extra bright & sunny. Built in 2008, this building has been extremely well maintained & was specifically designed to fit the La Conner feel while still maintaining a modern style. Same tenants have occupied the units for years. Gross income is $118,044 & NOI is $89,271.38 w/ a cap rate of 5%.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-23T17:14:48.553.

    www.communityrealestategroup.com/homes/115299060
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    511 Morris Street La Conner, WA 98257

    • Price: $1,800,000
    • Status: Active
    • Updated: 14 min ago
    • MLS #: 1745273
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2008
    Built
    Neighborhood:
    La Conner
    County:
    Skagit
    Area:
    La Conner
    School District:
    La Conner
    Property Description
    Amazing opportunity in the heart of La Conner! This fully sprinkled building features three commercial units on the main level & three, 1,200 SF apartments on the 2nd level. All upper units were originally designed to be 2 bedrooms but the owner opted for huge living rooms but can easily be converted into 2 bedroom units. Huge decks on the upper level are a great place to relax & enjoy the sunshine! Nice big windows in all the units make these feel extra bright & sunny. Built in 2008, this building has been extremely well maintained & was specifically designed to fit the La Conner feel while still maintaining a modern style. Same tenants have occupied the units for years. Gross income is $118,044 & NOI is $89,271.38 w/ a cap rate of 5%.
    Exterior Features

    Carport Spaces 3 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features CurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 3 Parking Uncovered Spaces 0 Roof See Remarks Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring ConcreteEngineered HardwoodCarpet Furnished Unfurnished Heating Cooling Type BaseboardForced Air Heating YN Yes Interior Features Concrete

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 0 Insurance Expense 0 Irrigation Water Rights YN No Leased Items None Listing Terms Cash Out Net Operating Income 8927 New Construction YN No Possible Use CommercialMulti-Family Power Production Type Natural Gas Property Sub Type Multi-Family Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 0 Tax Year 2021 Total Expenses 0 Units In Building Total 6 Utilities Sewer ConnectedNatural Gas Connected Water Sewer Garbage 0 Water Source Public Zoning Class CommercialMulti-Family Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Tri-Cities and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Tri-Cities are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-23T17:14:48.553.

     
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    Keller Williams Tri-Cities
    4390 W Van Giesen
    West Richland WA, 99353
    Listing Courtesy of Re/Max Whatcom County, Inc..