2302 E College Way Mount Vernon, WA $ 1,450,000
2302 E College Way
$ 1,450,000
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2302 E College Way

Mount Vernon, WA, 98274
$ 1,450,000
Baths0.0

Monthly Estimate*

$ 9,637

Listed by Brown McMillen Real Estate
2302 E College Way, Mount Vernon, WA 98274 - Image 1
2302 E College Way, Mount Vernon, WA 98274 - Image 2
2302 E College Way, Mount Vernon, WA 98274 - Image 3
Studio

Multi-Family Home for sale in Mount Vernon, WA

for $1,450,000. This home was built in 1956 on a lot size of 1.45.

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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Multi-Family Active

Price

$ 1,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,903

Style

5-9 Units

Lot Size

1.45

Year Built

1956

Town/City

Mount Vernon

County/Region

Skagit

MLS | Web ID

2227916

Features
General
Interior Features Laminate
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1956
View Territorial
Property SubType Multi-Family
Tax Year 2024
Building Name MV-4-99 & MV-3-99
County Skagit
Net Operating Income 18625
Insurance Expense 2414
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name Mount Vernon
Possible Use Business Multi-Family Residential See Remarks
Special Listing Conditions None
Status Active
Directions East on College Way Right past McDonalds. On the Right. 3 houses in a row.
High School Buyer To Verify
City Mount Vernon
Buyer Agent Compensation 3
View Y/N Y
Senior Community Y/N N
High School District Mount Vernon
Open Parking Spaces 0
Total Units 3
MLS Area 835 - Mount Vernon
Lot Size Square Feet 63162
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name College Way
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 12903
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Average
Public Remarks 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
Leasable Area 0
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Water Company PUD
Units Below Grade false
Zoning Class Business Multi-Family Residential See Remarks
Water Sewer Garbage 5748
Property Style 55 - 5-9 Units
Cap Rate 0
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Interior
Flooring Laminate Vinyl
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Paved
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 1.45
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Gas Available
Parking Uncovered Spaces 0
Lot Number 1 2 3
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Internal Only
OriginalMLSID NWM2227916
Street Number 1 2302
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* Excluded Features
List By
Ron L Wortham

Listing Agent

Brown Mcmillen Real Estate

Broker

Affordability Calculator

$10,712
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,637
Monthly Property Taxes
$1,075
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
3100151 Elementary School
3100090 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$1,450,000 Listed Price

Map


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2302 E College Way, Mount Vernon, WA, 98274 is a Multi-Family Home for sale at $1,450,000 with a lot size of 1.45. 2302 E College Way is a studio with 0.0 baths and was built in 1956. The property's zip code is 98274 which is in Mount Vernon, WA