7% Cap rate has a valuation of 685,000, zestimate is 678,000. Rents are purposely low to have zero vacancy rate. This is a beautiful rental that was constructed as a long term build and hold. As a 25 year landlord I am constantly changing out carpets, but not at this building. Designer concrete floors, stain millwork package, solid core doors built in microwave ovens, granite slab counter tops, in the kitchen and both bathrooms with under mount sink, cherry cabinets with full extension drawer. This is a great investment as the building is new and the upgraded amenities make it extremely easy to rent. The total rent is $4400.00 and the rents can easily be higher. Great cash flow with very low maintenance. Have someone else pay your mortgage while you enjoy cash-flow and long term appreciation.
Off market
$1,106,800
3310 E College Way APT 4, Mount Vernon, WA 98273
8beds
4,500sqft
MultiFamily
Built in 2010
-- sqft lot
$1,106,800 Zestimate®
$246/sqft
$2,244 Estimated rent
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