$9,500,000
For Sale

401 Stanford Drive

Mount Vernon, WA 98273
23922 sqft | 1.95 acres | #2328310
Listing OfficeWindermere RE San Juan Island
Browse 16 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

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.

  • Property Details
      • Exterior FeaturesFenced-Partially, High Speed Internet, Outbuildings
      • Lot DescriptionCorner Lot, Curbs, Paved, Sidewalk
      • InteriorWall to Wall Carpet
      • Date ListedJanuary 31, 2025
      • Exterior MaterialsCement/Concrete
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Elementary SchoolBuyer To Verify
      • Middle SchoolBuyer To Verify
      • High SchoolBuyer To Verify
      • Style56 - 10+ Units
      • Property TypeMulti-Family
      • SubdivisionMount Vernon
      • School DistrictMount Vernon
      • Property SubtypeMulti-Family
      • Structure TypeMulti Family
      • Original List Price$9,500,000
      • Property ConditionVery Good
      • Taxes Annual$42,000
      • MLS #2328310
      • Cost9500000
      • MLS #2328310
      • Acres1.9513
      • Utility SourcePublic
      • CountySkagit
      • Square Feet23922
      • Year Built1977
      • Stories2
      • Days on Market (Cumulative)1
Tom McGoughReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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