1307 Fir Lane Unit #7, Mount Vernon, WA 98273

$1,628,500
5,824
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Windermere RE Skagit Valley.

List Price
$1,628,500
Status
ACTIVE
MLS#
2519646
Price Change
▼ $158,500 1781827566
Days on Market
84
Style
55 - 5-9 Units
Building Condition
Average
Finished SqFt
5,824
Area Total SqFt
5824
Annual Tax Ammount
12938
Lot Size (sq ft)
33,213
Sewer
Sewer Connected

Property Description

1307 - 1321 Fir Lane Well cared for 7 unit multifamily compound. All units are single story 2 bed 1 bath with yards. Many units have new flooring and ll units have an attached carport. The compound is comprised of 3 buildings all with new TPO roof. Complex is located on the hill out of the flood plain and close to schools, medical, retail and restaurants. Ownership of appliances to be confirmed at time of sale. All showings will be scheduled with a mutually accepted offer. Do not distrub tenants.

Additional Information

List Date
2026-05-05 19:16:14
Community
Mount Vernon
Net Operating Income
$109,923
Gross Adjusted Income
$133,980
Gross Scheduled Income
$133,980
Total Monthly Income
$133,980
Insurance Expenses
$2,739
Water/Sewer/Garbage Expenses
$5,178
Gross Rent Multiplier
13.3
Total Expenses
$24,057
Cap Rate
6.2
Total Number of Units
7
Unit Name
1307
Potential Terms
Conventional
Year Built
1952
Roof
Flat
Other Expenses
3202
Energy Source
Electric, Natural Gas
School District
Mount Vernon
Total Monthly Income
$133,980
Gross Scheduled Income
$133,980
Gross Adjusted Income
$133,980
Tax Year
2025
Insurance Expense
$2,739
W/S/G Expenses
$5,178
Total Expenses
$24,057
Net Operating Income
$109,923
Gross Rent Multiplier
13.3
Cap Rate
6.2
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks