517 S 20th St - Apartments FOR SALE


Mount Vernon, WA 98274
$3,500,000 USD
206-774-5436
517 S 20th St, Mount Vernon, WA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/24
null | 5.66% Cap Rate

517 S 20th St
Mount Vernon, WA 98274


OVERVIEW

Mount Vernon Apartments – 12 renovated units with handsome landscaping for sale in the seldom traded Mount Vernon market. All units are 2B/1B (828SqFt) feature W/D, gas furnace, and 2 off-street parking spaces. The property consists of three well-maintained fourplexes set on nearly an acre of land adjacent to a lush city-owned greenbelt, offering a serene, forest-like setting with ample outdoor space. Each unit boasts modern interiors and upgraded exteriors, ensuring durability and style. With strong rental demand, fully renovated units, and flexible financing options on three separate parcels, this turnkey investment offers stability and long-term growth potential in a supply-constrained market.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

12

PRICE/UNIT

$291,667

CAP RATE

5.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount Veron Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

P81458,P81459,P81460

ASK ABOUT THIS PROPERTY

Aaron LockeThe Foundation GroupMore Info
206-774-5436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Aaron LockeThe Foundation GroupMore Info
206-774-5436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.