Duplex in Mount Vernon, WA (+7% cap)

[Patrick Britton]

Duplex for sale in A-class neighborhood of Mount Vernon, WA. Property itself is turnkey but there's potential for sizable increase in NOI since owner currently pays all utilities, included ADT and Comcast (for some bizarre reason), and rent has not been increased in years. Leases are now month-to-month.

There's a lower unit that could be converted into a studio with relative ease, and should bring in another $800 - $1,000/month income.  

MLS# 1290067 (not my listing but have permission from seller to market - I would love to represent a buyer!)