Investors, 6.7% cap rate! Classic older Burlington home. Side A is a 1bed/1bath Apt. with single garage. Side B is a 6-room rooming house with shared common areas. Total rents = $4375/month. Rooming house has 2 kitchens and 3.25 baths. Each room is unique; one has a kitchen, one has its own 3/4 bath. New roof less than a year ago. Shared coin-op laundry. Landlord pays most utilities but there are separate gas & elect. meters. Gas heat & 2 water heaters. Walk to amenities. This is a money maker!
Sold for $529,000 on 01/03/24
$529,000
516 Anacortes St, Burlington, WA 98233
1beds
2baths
2,787sqft
MultiFamily
Built in 1923
-- sqft lot
$589,800 Zestimate®
$190/sqft
$1,620 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
Heating
- Baseboard, Forced air, Electric, Gas
Cooling
- Wall
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Flooring: Carpet, Hardwood, Linoleum / Vinyl
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,787 sqft
Property
Parking
- Parking features: Off-street, On-street, Garage
Features
- Exterior features: Wood
Lot
- Size: 5,614 sqft
Details
- Parcel number: 40760770120005
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Concrete
- Roof: Composition
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Burlington
Other
Other facts
- Dishwasher2: Y
- Refrigerator1: Y
- Refrigerator2: Y
- Property type: MULT
- Range/oven1: Y
- Range/oven2: Y
- Washer/dryer1: Y
- Sewer: Sewer Connected
- Form 17: Provided
- Possesion: Sub. Tenant's Rights, Closing
- Water source: Public
- Roof: Composition
- Style: 52 - Duplex
- Building condition: Good
- Energy source: Electric, Natural Gas
- Heating and cooling: Baseboard, Wall, Forced Air, Stove/Free Standing
- Lot details: Paved Street, Alley, Curbs, Sidewalk
- General zoning: Multi-Family
- Foundation: Slab
- Exterior: Wood
- Site features: Patio, Cable TV, Deck, Gas Available, High Speed Internet, Rooftop Deck
- Potential terms: Conventional, Cash Out
- Floor covering: Wall to Wall Carpet, Vinyl, Fir/Softwood
- Amenities: Coin Op Laundry
- Bathrooms1: 1.00
- Bathrooms3: 0.00
- Bathrooms5: 0.00
- Bathrooms6: 0.00
- Bathrooms2: 0.00
- Bathrooms4: 0.75
- Offers: Reviewed on receipt
- Commission: 3%