Looking for a smart investment with built-in flexibility? This 1900 duplex offers a rare opportunity to own a fully functional multi-family property in the heart of Mount Vernon! Currently set up as a vertical duplex with shared laundry, each unit provides separate living spaces, making it perfect for rental income, multi-generational living, or even a live-in-one, rent-the-other setup. Character and charm, tons of storage, and walkable location. This prime multi-family property is a rare find in such a sought-after location. Whether you're a seasoned investor or just starting out, this is an opportunity you don't want to miss!
Large 45 unit apartment complex in 4 buildings located within walking distance of schools & the hospital. Situated on 1.95 ac. & comprising of 44-1 bed/1 bath units & 1-3 bed/3.5 bath unit. There is a management office & 3-coin operated laundry facility on site. All parking is uncovered except the 3 bed unit has a 2-car garage. Buildings were originally constructed in 1977 & 1979 & have undergone complete rehab renovations. Renovations on bldgs 401-403 were completed earlier & fully rented. Renovations on 404-406 have just been finished & are currently for rent. Units have vinyl floors, stainless steel appliances including range/oven, fridge & dishwashers. The property is partially fenced. Ext. siding and roofs are 5-6 years old.
Mount Vernon Apartments – 12 renovated units with handsome landscaping for sale in the seldom traded Mount Vernon market. All units are 2B/1B (828SqFt) feature W/D, gas furnace, and 2 off-street parking spaces. The property consists of three well-maintained fourplexes set on nearly an acre of land adjacent to a lush city-owned greenbelt, offering a serene, forest-like setting with ample outdoor space. Each unit boasts modern interiors and upgraded exteriors, ensuring durability and style. With strong rental demand, fully renovated units, and flexible financing options on three separate parcels, this turnkey investment offers stability and long-term growth potential in a supply-constrained market.
This is a unique opportunity to develop multi-unit housing right across from Skagit Valley College. The property currently has three houses that generate rental income, while you can plan the property's highest and best use. The city of Mt. Vernon encourages the development of multi-story units, retail spaces, and mixed-use buildings such as apartments. There is a sewer line located across the back third of the property.
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Mount Vernon is located in Washington. Mount Vernon, Washington has a population of 34,824. Mount Vernon is more family-centric than the surrounding county with 31.28% of the households containing married families with children. The county average for households married with children is 28.1%.
The median household income in Mount Vernon, Washington is $62,706. The median household income for the surrounding county is $75,308 compared to the national median of $69,021. The median age of people living in Mount Vernon is 33.9 years.
The average high temperature in July is 72.8 degrees, with an average low temperature in January of 35.7 degrees. The average rainfall is approximately 38.1 inches per year, with 5 inches of snow per year.