Investor Alert - Exceptional Cash-Flow Opportunity with Future Value-Add Potential! Now generating $6,395 per month in gross rental income, this turnkey 4-plex offers immediate cash flow with future flexibility. The property consists of a newly renovated triplex plus a detached 2-bedroom, 1-bath home on one lot, with the potential to adjust the lot line and create two separate propertiesa standalone home and a triplex (buyer to verify feasibility). Extensively updated, the units feature new appliances, mini-split heating and cooling systems, flooring, windows, kitchens, and bathrooms. Each unit is separately metered for simplified utility management. The triplex includes a one-car garage and additional basement storage. Whether you're looking to maximize your investment or occupy one residence, this property offers outstanding flexibility. Choose to adjust the lot line and sell one property while keeping the other, live in the detached home and rent the triplex, or maintain all four units as income-producing rentals. The detached home features a spacious yard, off-street parking, and scenic river views, making it an attractive rental or owner-occupied residence. Conveniently located near shopping, downtown amenities, and freeway access, this property combines strong in-place income, recent renovations, and future upside. Don't miss this exceptional investment opportunity!
| MLS # | 2562279 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1917 |
| Days On Site | 20 |
| Listing Provided By | Windermere RE Whatcom, Inc. | Wynden Holman |
| SQ Feet | 2,891 |
|---|---|
| Garage | 1 |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Multi-Family |
| Acreage | 0.22 |
| Property View | Yes |
| Property | 6635 |
|---|
| State | WA |
|---|---|
| County | Skagit |
| City | Mount Vernon |
| Zip Code | 98273 |
| Area | 835 Mount Vernon |
| Community Name | Mount Vernon |
| School District | Mount Vernon High |
| Elementary School | Buyer To Verify |
| High School | Mount Vernon High |
| Listing VS Median (in Mount Vernon) | |
Price: $1,199,000 low | high Med: $582,000 sqft: 2,891 low | high Med: 1,718 $ / sqft: $415 low | high Med: $341 On site: 20 low | high Med: 31.5 | |
| State | WA |
|---|---|
| County | Skagit |
| City | Mount Vernon |
| Zip Code | 98273 |
| Area | 835 Mount Vernon |
| Community Name | Mount Vernon |
| School District | Mount Vernon High |
| Elementary School | Buyer To Verify |
| High School | Mount Vernon High |
| Listing VS Median (in Mount Vernon) | |
Price: $1,199,000 low | high Med: $582,000 sqft: 2,891 low | high Med: 1,718 $ / sqft: $415 low | high Med: $341 On site: 20 low | high Med: 31.5 | |