La Conner, WA 98257,511 Morris ST
La Conner, WA 98257,511 Morris ST
La Conner, WA 98257,511 Morris ST
40
Listed by RE/MAX Whatcom County, Inc.
Bought with Keller Williams Realty
$1,875,000
$1,800,000
4.2%
Est.Price: ?

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10,008 Sqft Lot

511 Morris ST La Conner, WA 98257

Est. payment /mo
SOLD DATE : 10/04/2021

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Key Details

Sold Price $1,875,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision La Conner

MLS Listing ID 1744528

Sold Date 10/04/21

Style 60 - Comm Bldg Und 10K

Year Built 2008

Annual Tax Amount $12,409

Lot Size 10,008 Sqft

Property Description

Amazing opportunity in the heart of La Conner! This fully sprinkled building features three commercial units on the main level & three, 1,200 SF apartments on the 2nd level. All upper units were originally designed to be 2 bedrooms but the owner opted for huge living rooms but can easily be converted into 2 bedroom units. Huge decks on the upper level are a great place to relax & enjoy the sunshine! Nice big windows in all the units make these feel extra bright & sunny. Built in 2008, this building has been extremely well maintained & was specifically designed to fit the La Conner feel while still maintaining a modern style. Same tenants have occupied the units for years. Gross income is $118,044 & NOI is $89,271.38 w/ a cap rate of 5%.

Location

State WA

County Skagit

Area 820 - La Conner

Interior

Interior Features Forced Air, Concrete, Wall to Wall Carpet

Flooring Concrete, Engineered Hardwood, Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Wood

Utilities Available Sewer Connected, Natural Gas Connected

Roof Type See Remarks

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out

Listing Terms Cash Out

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Northwest MLS (NWMLS)

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Josh Shiflett

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