Listing courtesy of RE/MAX Whatcom County, Inc.
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%.

Address Map
US
WA
Skagit
La Conner
98257
Morris
511
Street
0
W123° 30' 31.8''
N48° 23' 32.7''
Additional Listing Information
820 - La Conner
Take exit 230 for WA-20 & head West towards Bu
La Conner
Exempt
PSE
0
0
55 - 5-9 Units
0
2021
City of La Conner
Curbs,Paved,Sidewalk
See Remarks
: Wood
: Cooking-electric
: Concrete, Carpet, Engineered Hardwood
: Sewer connected
: Public
RE/MAX Whatcom County, Inc.
Josh Shiflett
Active
NWM41462
7,481 Sqft
NWM9947

Residential Income For Sale

511 Morris Street, La Conner, Washington 98257

0 Bedrooms
0 Bathrooms
10,008 Sqft
$1,800,000
NWMLS # #NWM1745273
Basic Details
Property Type : Residential Income
Listing Type : For Sale
NWMLS # : NWM1745273
Price : $1,800,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 2008
Lot Area : 10,008 Sqft
Agent info
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