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    511 Morris Street

    La Conner, WA 98257
    • $1,800,000
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 1744528
    UPDATED: 42 min ago
    $1,800,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Re/Max Whatcom County, Inc..

    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%.

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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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-23T23:14:02.177.

    www.nexthomesouthsound.com/homes/115254171
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    511 Morris Street La Conner, WA 98257

    • Price: $1,800,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 1744528
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2008
    Built
    Neighborhood:
    La Conner
    County:
    Skagit
    Area:
    La Conner
    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%.
    Exterior Features

    Carport YN No Covered Spaces 3 Exterior Features Cement/ConcreteWood Open Parking YN No Parking Total 3 Roof See Remarks Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Flooring ConcreteEngineered HardwoodCarpet Furnished Unfurnished Heating Cooling Type BaseboardForced Air Heating YN Yes Interior Features Concrete

    Property Features

    Electric On Property YN No Irrigation Water Rights YN No Listing Terms Cash Out Possible Use CommercialMulti-Family Power Production Type Natural Gas Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 12409 Tax Year 2021 Utilities Sewer ConnectedNatural Gas Connected Water Source Public Zoning Class CommercialMulti-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 NextHome South Sound 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 NextHome South Sound are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-23T23:14:02.177.

     
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    NextHome South Sound
    1570 Wilmington Dr., Suite 200
    DuPont WA, 98327
    Listing Courtesy of Re/Max Whatcom County, Inc..