Bought with Keller Williams Realty
$1,875,000
$1,800,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
511 Morris ST La Conner, WA 98257
10,008 Sqft Lot
Key Details
Sold Price $1,875,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision La Conner
MLS Listing ID 1744528
Sold Date 10/04/21
Style 60 - Comm Bldg Und 10K
Year Built 2008
Annual Tax Amount $12,409
Lot Size 10,008 Sqft
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%.
Location
State WA
County Skagit
Area 820 - La Conner
Interior
Interior Features Forced Air, Concrete, Wall to Wall Carpet
Flooring Concrete, Engineered Hardwood, Carpet
Fireplace No
Exterior
Exterior Feature Cement/Concrete, Wood
Utilities Available Sewer Connected, Natural Gas Connected
Roof Type See Remarks
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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