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: ?

For more information regarding the value of a property, please contact us for a free consultation.

10,008 Sqft Lot

511 Morris ST La Conner, WA 98257

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

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

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

Read Less


Northwest MLS (NWMLS)

GET MORE INFORMATION

Kat Delay

Team Owner / Director of Sales | License ID: 125181

+1(425) 223-1751

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.