Listed by American Dream R. E. Services, Bought with American Dream R. E. Services
NOT LISTED FOR SALE

1601 M Ave #1 #2 #3 #4 #5 #6 Anacortes, WA 98221

-- Bed
-- Bath
1,872 Sq Ft
6,000 Sq Ft Lot

Last Sold February 14, 2024

Last sale price $850,000 $454 Per Sq Ft

Highlights

  • Corner Lot
  • No HOA
  • Wall to Wall Carpet
  • Anacortes High School Rated A-
  • Limited Views

About This Home

As of February 2024

Introducing a prime investment opportunity in Anacortes, WA! Nestled at 1601 M Ave, with 6 units plus coin op laundry. All units have tenants currently. This property has great potential with a prime location in the coveted 98221 zip code. The property's versatile layout and proximity to amenities make it ideal for various ventures. Don't miss out on this chance to secure a valuable asset in a thriving community. Seize the opportunity at 1601 M Ave - where investment meets excellence this is a genuine gem.

Last Agent to Sell the Property

Leonard Johnson

American Dream R. E. Services License #11184 Listed on: 01/16/2024

Co-Listed By

Malia Morin

American Dream R. E. Services License #24000178

Last Buyer's Agent

Forbes Hansen

American Dream R. E. Services License #118968

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2191778

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,116

Year Built

  • Built in 1961

Lot Details

  • 6,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Limited Views

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Anacortes Mid Middle School
  • Anacortes High School

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Anacortes Subdivision

Listing and Financial Details

  • Assessor Parcel Number P55475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,116

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1961
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1872
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Partial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: pse
  • SewerCompany: city
  • WaterCompany: city
  • CableConnected: buyer to verify
  • InternetConnected: buyer to verify
  • WaterSewerGarbage: 3888

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Anacortes
  • High School: Anacortes High
  • Middle Or Junior School: Anacortes Mid

Lot Info

  • Parcel Number: P55475
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: owner
  • MLSSquareFootageSource: Skagit County Property Search

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4125

Multi Family

  • Gross Scheduled Income: 47100
  • Net Operating Income: 36031
  • Number Of Units Total: 6
  • Insurance Expense: 2064
  • Leasable Area: 1827
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5116.43

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2024 02/14/24 Sold $850,000 +0.1% $454 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $849,000 -- $454 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2191778

Northwest Multiple Listing Service (NWMLS)