Listing Office: RE/MAX Whatcom County, Inc. Northwest Multiple Listing Service Logo

511 Morris Street, La Conner, WA

$1,800,000

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7,481

Square feet

0.23

Acres

About 511 Morris Street

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%.

Features of 511 Morris Street

MLS® # 1745273
Price $1,800,000
Bathrooms 0.00
Square Footage 7,481
Acres 0.23
Year Built 2008
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information

Address 511 Morris Street
Area 820 - La Conner
Subdivision La Conner
City La Conner
County Skagit
State WA
Zip Code 98257

Amenities

Parking Spaces 3
Is Waterfront No

Interior

Interior Features Concrete
Fireplace No
# of Stories 2

Exterior

Exterior Features Wood
Lot Description Curbs,Paved,Sidewalk

School Information

District La Conner

Additional Information

Days on Market 89
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Whatcom County, Inc.

Listing Map

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