517 S 20th Street Mount Vernon WA 98274 MLS #NWM2321447

Listing Provided Courtesy of The Foundation Group LLC
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.

Property Details

Price:
$3,500,000
MLS #:
NWM2321447
Status:
Active
Beds:
0
Baths:
0
Address:
517 S 20th Street
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Hillcrest
Neighborhood:
835 – Mount Vernon
City:
Mount Vernon
Listed Date:
Jan 9, 2025
State:
WA
Finished Sq Ft:
9,936
Total Sq Ft:
9,936
ZIP:
98274
Lot Size:
40,075 sqft / 0.92 acres (approx)
Year Built:
1985
Units:
12

Schools

School District:
Mount Vernon

Interior

Cooling
None
Flooring
Laminate
Heating
Forced Air

Exterior

Exterior Features
Wood Products
Parking Spots
22
Roof
Composition

Financial

HOA Frequency
Not Applicable
Net Operating Income
$198,308
Tax Year
2024
Taxes
$20,452

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