Sold
Last Sold Price
1,596 sqft

10693 District Line Rd, Burlington, WA 98233

Multi FamilyProperty Type
0.35 acresLot Size
1975Year Built
$317/sq ftPrice per sq ft
8 carsParking Spaces

Description

Investor opportunity! 2 bed/1 bath duplex located in peaceful, scenic farmland area, but conveniently located just minutes from town and freeway. New updates including flooring and fixtures. Large backyards are fenced and back up to a wooded area for lots of natural privacy. Each unit has it's own garage and separate washer/dryer for max rents. Tenants to leave by July 31st. Current rent rates are undervalued. Potential to increase cap rate, or live in one side and rent out the other. Plenty of parking....Investor opportunity! 2 bed/1 bath duplex located in peaceful, scenic farmland area, but conveniently located just minutes from town and freeway. New updates including flooring and fixtures. Large backyards are fenced and back up to a wooded area for lots of natural privacy. Each unit has it's own garage and separate washer/dryer for max rents. Tenants to leave by July 31st. Current rent rates are undervalued. Potential to increase cap rate, or live in one side and rent out the other. Plenty of parking. Only the 2nd owners-always maintained and cared for. If you've been looking for an investment property, you just found it.
  • Listed by: Jannelle Bernhardt 866.738.7070 jannelle.bernhardt@kw.com • Keller Williams Western Realty
  • Listed by: Stacy LaCount 866.738.7070 stacy@lacounthomegroup.com • Keller Williams Western Realty
Listing closed: 08/06/2021 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1796485
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Location

Listing Courtesy of Keller Williams Western Realty

Sold By John L. Scott Everett

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Principal and Interest

$2,701

Property Taxes

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HOA Dues

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Property Information for 10693 District Line Road

Property Details

  • Taxes: $3,450 / year
  • MLS Type: Residential Income
  • Community Name: Burlington
  • School District: Burlington
  • Number of Assigned Spaces: 8
  • Total Covered Parking: 2
  • Offers Review Date: 06-29-2021
  • Entry Date: 06-24-2021
  • Energy Source: Electric
  • Sewer: Septic Tank

Building Information

  • Stories: 1
  • Residences: 2
  • Year Built: 1975
  • Lot Size: 0.35 AC / 15,246 SF

Summary

Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Partially, Patio
  • Area: 825 - Burlington
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Out of District
  • High School: Burlington Edison Hi
  • Directions: From I-5: East on Hwy 20, left on District Line Rd, property will be on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes

Interior and Exterior Features

Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl Plank
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced

Property

Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 1200
  • Power Company: Puget Sound Energy
  • Sewer Company: N/A
  • Water Company: PUD
  • Power Production Type: Electric
  • Utilities: Septic System, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 40
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: P37866
  • Building Condition: Very Good
  • Calculated Square Footage: 1596
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1596.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Multi Family

Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7900
  • Gross Adjusted Income: 34800
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $36,000
  • Insurance Expense: $3,250
  • Net Operating Income: $28,100
  • Other Expenses: $0
  • Total Monthly Income: 3000
  • Fuel Expense: $0

Rental

Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1596.0
  • Leasable Area Units: Square Feet

Property History for 10693 District Line Road

DateEvent & SourcePriceAppreciation
Aug 6, 2021

Sold

NWMLS #1796485

$506,000—
Jun 30, 2021

Pending

NWMLS #1796485

—
Jun 24, 2021

Listed (Active)

NWMLS #1796485

$499,000—
DateEvent & SourcePrice
08/06/2021

Sold

NWMLS #1796485

$506,000
06/30/2021

Pending

NWMLS #1796485

—
06/24/2021

Listed (Active)

NWMLS #1796485

$499,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

10693 District Line Road

Baths

1

Total Finished SqFt

1,596 SqFt

Above Ground SqFt

1,596 SqFt

Lot Size

15,246 SqFt

Style

Duplex

Year Built

1975

Schools near 10693 District Line Road

This home is within Burlington-Edison School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Lucille Umbarger Elementary School
PublicK to 8

Burlington Edison High School
Public9 to 12

Burlington-Edison Alternative School
Public9 to 12

Open Doors
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Western Realty

Based on information submitted to the MLS GRID as of 09/05/2024 05:43 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.