Property Details

401 Stanford Dr

Mount Vernon, WA 98273

$7,895,000

Available

CBA# 711760 courtesy of CBA Listing firm: Windermere-San Juan Island

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Commercial

Property Type

23,922

Bldg Sq Ft

Units

5.00%

Cap Rate

1977

Year Built

Property Overview

Large 45 unit apartment complex in 4 buildings located within walking distance of schools and the hospital. Situated on two corner lots consisting of 1.95 acres and comprising 44-1 bedroom/1 bath units and 1-3 bedroom/3.5 bath unit. There is a management office and 3 coin operated laundry facilities on site. All parking is uncovered except the 3 bedroom unit has a 2 car garage. Buildings were originally constructed in 1977 and 1979. They have undergone complete rehab renovations. The units have vinyl floors & stainless steel appliances including range/oven, fridge and dishwashers. The property is partially fenced. Siding and roofs are 6 & 7 yrs old.