516 South Anacortes Street
516 South Anacortes Street
Burlington, WA 98233
$529,000
Last Sold Price
1
Beds
1
Bath
2,787 Sq. Ft.
$190 / Sq. Ft.
2,787
Sq. Ft.
$190
per Sq. Ft.
Sold 1/3/24
Sold 1/3/24
Listing provided courtesy of CENTURY 21 North Homes Realty, RexMont Real Estate
Description
This is a great location for this investment property with a 6.3% cap rate. The duplex unit is 1 bedroom/bath plus a garage additional unit is 6 Bd 1 Ba with all rooms rented separately, with most units having long term renters featuring 2 kitchens 3.5 baths. Most utilities are paid by the landlord. There are separate meters for both units. Coin operated washer & dryer are available in the building. New roof in the last 2 years for these buildings. The excellent location is close to downtown, restaurants,...This is a great location for this investment property with a 6.3% cap rate. The duplex unit is 1 bedroom/bath plus a garage additional unit is 6 Bd 1 Ba with all rooms rented separately, with most units having long term renters featuring 2 kitchens 3.5 baths. Most utilities are paid by the landlord. There are separate meters for both units. Coin operated washer & dryer are available in the building. New roof in the last 2 years for these buildings. The excellent location is close to downtown, restaurants, shopping, parks and bus stop with the I-5 corridor just minuets away. 6 parking spaces available off street
- Listed by Sharon Stokes • CENTURY 21 North Homes Realty
Property Details for 516 South Anacortes Street
Community Name
Burlington
School DistrictBurlington
ViewTerritorial
Number of Assigned Spaces6
Total Covered Parking1
Entry Date07-18-2023
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of CENTURY 21 North Homes Realty![]()
Sold By RexMont Real Estate
Add your commute
LISTING UPDATED: 01/04/2024 11:22 AM
Property Details for 516 South Anacortes Street
| Status | Sold |
|---|---|
| MLS # | 2140970 |
| Days on Market | 129 |
| Cumulative Days on Market | 194 |
| Taxes | $2,700 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1923 |
| Lot Size | 0.13 AC / 5,616 SF |
| County | Skagit County |
Location
Listing Courtesy of CENTURY 21 North Homes Realty![]()
Sold By RexMont Real Estate
Add your commute
Building Information for 516 South Anacortes Street
Stories2Residences7Year Built1923Building Size-Lot Size0.13 AC / 5,616 SF
Payment Calculator
$3,112 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,887
Property Taxes
$225
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 516 South Anacortes Street
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 825 - Burlington
- High School: Burlington Edison Hi
- Effective Year Built Source: Public Records
- Directions: East on Fairhaven, South on Anacortes street to property on the east side
- Leased Items: Washer/Dryer
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Ceramic Tile, Vinyl, Carpet
- Features: Ceramic Tile, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Forced Air, Stove/Free Standing, Wall Unit(s)
- FIRPTA: Yes
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 1929
- Power Company: PSE
- Sewer Company: Burlington
- Water Company: PUD
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- Construction Methods: Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1988
- Photos Count: 8
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Size Dimensions: 54 X104
- Lot Size Source: Legal
- Parcel Number Free Text: P71829
- Building Condition: Good
- Calculated Square Footage: 2787
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2787.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $2,760
- Total Expenses: 18000
- Gross Adjusted Income: 64020
- Gross Rent Multiplier: 9
- Gross Scheduled Income: $64,020
- Insurance Expense: $1,743
- Net Operating Income: $18,000
- Other Expenses: $7,536
- Total Monthly Income: 5335
- Fuel Expense: $1,332
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: false
- Refrigerator Unit 1: false
- Dishwasher Unit 1: false
- Rent Unit 1: $550.00
Unit 2
- Name Unit 2: 2
- Rent Unit 2: $750.00
Unit 3
- Name Unit 3: 3
- Rent Unit 3: $625.00
Unit 4
- Name Unit 4: 4
- Rent Unit 4: $725.00
Unit 5
- Name Unit 5: 5
- Rent Unit 5: $635.00
Unit 6
- Name Unit 6: 6
- Rent Unit 6: $925.00
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: false
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Rent Unit 7: $1,125.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 7.0
- Leasable Area Units: Square Feet
Property History for 516 South Anacortes Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 516 South Anacortes Street
Taxable ValueLand$259,400Additions$310,000Total$569,400
Tax Record2023$5,005 ($417 / month)
Home Facts
Baths3.5Total Finished SqFt3,114 SqFtAbove Ground SqFt3,114 SqFtStories2Lot Size5,616 SqFtStyleDuplexYear Built1923Year Renovated1988CountySKAGITAPN4076-077-012-0005Fireplace TypeHas Fireplace
Schools near 516 South Anacortes Street
This home is within Burlington-Edison School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 1 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Lucille Umbarger Elementary School Public1 to 8 | ||
Burlington Edison High School Public9 to 12 | ||
Open Doors Public10 to 12 | ||
Burlington-Edison Alternative School Public9 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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Listing Courtesy of CENTURY 21 North Homes Realty
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.