20938 Morgan Lane

    Burlington, WA 98233
    • $365,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: 1497258
    $365,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,208
      SQFT
    • $165
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Coldwell Banker Bain.

    Description

    Great investment with upside. Both units are 2 bedroom 1.5 baths and have great layouts and back yards. Always rented and has long term tenants. Rents are about $200 below market rates. So there's alot of room for upside on these. Last one available. Other 2 have already sold!

    Monthly Payment Calculator



    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 Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-15T00:15:01.203.

    www.bhgmckenzie.com/homes/97355490

    20938 Morgan Lane Burlington, WA 98233

    • Price: $365,000
    • Status: Active
    • ID#: 1497258
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    2,208
    SQFT
    $165
    $/SQFT
    1978
    Built
    Neighborhood:
    Burlington
    County:
    Skagit
    Area:
    Burlington
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Burlington Edison Hi
    School District:
    Burlington
    Property Description
    Great investment with upside. Both units are 2 bedroom 1.5 baths and have great layouts and back yards. Always rented and has long term tenants. Rents are about $200 below market rates. So there's alot of room for upside on these. Last one available. Other 2 have already sold!
    Exterior Features

    Building Condition Good Carport Spaces 0 Construction Methods Standard Frame Exterior WoodWood Products Foundation Poured Concrete Garage Spaces 2 Lot Details Cul-de-sacDead End Street Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 4 Uncovered Spaces 2

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Forced Air Unit1 Bathrooms 2.00 Unit1 Bedrooms 2 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1104 Unit1 Washer Dryer Y Unit2 Bathrooms 2.00 Unit2 Bedrooms 2 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1104 Unit2 Washer Dryer Y Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 4.00 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-FamilyResidential Gross Adjusted Income 21600 Gross Rent Multiplier 17 Gross Scheduled Income 21600 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1836 Leased Items None Net Operating Income 14891 New Construction YN No Other Expenses 0 Possession Closing Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 4 Sewer Septic Sewer Company Septic Site Features Patio Tax Amount 3266 Tax Year 2019 Terms Cash OutConventionalFHAVA Third Party Approval Required None Total Expenses EXP 6709 Total Expenses TEX 6709 Total Monthly Income 1800 Unit1 Monthly Rent 900 Unit2 Monthly Rent 900 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Burlington Water Sewer Garbage 1200 Water Source Public Zoning Jurisdiction County

    Listing information © 2019 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 Better Homes and Gardens Real Estate McKenzie Group 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 Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-11-15T00:15:01.203.

     
    Better Homes and Gardens Real Estate McKenzie Group
    19188 Eighth Avenue NE
    Poulsbo WA, 98370
    Listing Courtesy of Coldwell Banker Bain.