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755 Cumberland Street

Hamilton, WA 98255
  • $350,000
  • STATUS: Pending
  • ON SITE: 302 Days
  • ID#: 1710351
Under Contract
UPDATED: 58 min ago
$350,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,718
    SQFT
  • $94
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:
Listing Courtesy of Rsvp Real Estate-Era Powered.

Description

Great investment opportunity with amazing CAP rate for a buyer willing to complete the value add. Over 3,700 sq ft with five units total; one stand alone bldg. w/1- 1br and one bldg. with four units, 1-1br and 3-2br. The upside to bring this up to current market rents in desirable Skagit County is huge. New roof, windows, paint and light remodel in four units in 2015. Laundry connections in one unit. Laundry room option available. Park like yard with very convenient SR 20 access, 16 minutes to Sedro Woolley and 26 min. to I-5. Buyer to take in current condition. Possible seller terms with large down. One unit currently not finished. Use current cash flow while completing the fifth unit for great profit.

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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 Shook Home Group | Keller Williams Tacoma are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-15T18:16:32.433.

www.shookhomegroup.com/homes/112648306
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755 Cumberland Street Hamilton, WA 98255

  • Price: $350,000
  • Status: Pending
  • Updated: 58 min ago
  • ID#: 1710351
0
Beds
0
Baths
0
½ Baths
0.43
Acres
3,718
SQFT
$94
$/SQFT
1900
Built
Neighborhood:
Hamilton
County:
Skagit
Area:
Lyman/Hamilton
School District:
Sedro Woolley
Property Description
Great investment opportunity with amazing CAP rate for a buyer willing to complete the value add. Over 3,700 sq ft with five units total; one stand alone bldg. w/1- 1br and one bldg. with four units, 1-1br and 3-2br. The upside to bring this up to current market rents in desirable Skagit County is huge. New roof, windows, paint and light remodel in four units in 2015. Laundry connections in one unit. Laundry room option available. Park like yard with very convenient SR 20 access, 16 minutes to Sedro Woolley and 26 min. to I-5. Buyer to take in current condition. Possible seller terms with large down. One unit currently not finished. Use current cash flow while completing the fifth unit for great profit.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features Paved Open Parking Spaces 10 Open Parking YN Yes Parking Total 10 Parking Uncovered Spaces 10 Roof Torch Down Structure Type Multi Family Style Code 55 - 5-9 Units View YN No Waterfront YN No

Interior Features

Building Area Total 3718 Fireplace YN No Flooring Ceramic TileHardwoodVinylCarpet Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Interior Features Hardwood Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Basement Association Fee 0 Association Fee Frequency Annually Electric On Property YN No FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalOwner Financing Net Operating Income 22176 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Pse Power Production Type ElectricPropane Property Sub Type Multi-Family Senior Community YN No Sewer Septic Tank Sewer Company Septic Special Listing Conditions None Tax Annual Amount 2216 Tax Year 2020 Units In Building Total 5 Utilities Septic SystemElectricity AvailablePropane Water Company City Of Hamilton Water Source Public Zoning Class Multi-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 Shook Home Group | Keller Williams Tacoma 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 Shook Home Group | Keller Williams Tacoma are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-15T18:16:32.433.

 
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Shook Home Group | Keller Williams Tacoma
7525 28th St W
University Place WA, 98466
Listing Courtesy of Rsvp Real Estate-Era Powered.