11040 N Skagit Street Unit #A & B, Burlington, WA 98233
- $650,000
- 2,448
- SqFt
Listing courtesy of John L. Scott Snohomish.
- List Price
- $650,000
- Status
- ACTIVE
- MLS#
- 2538264
- Price Change
- ▼ $25,000 1784844479
- Days on Market
- 48
- Style
- 52 - Duplex
- Finished SqFt
- 2,448
- Area Total SqFt
- 2448
- Annual Tax Ammount
- 4973
- Lot Size (sq ft)
- 16,915
- Sewer
- Septic Tank
Property Description
Updated Duplex in Burlington. Great Investor Opportunity! Each unit is 3 bedrooms & 1 bathroom, with separate fully fenced yards. Seller is currently renting rooms in Unit A for $900/mo – beginning to rent rooms in Unit B for the same, as well. Tenants on M2M leases. New buyer can inherit tenants, for immediate cash flow. Yards back up nicely to Burlington Hill, offering green space and a more private rural feel. NEW ROOF, newer appliances, updated kitchens, vinyl flooring, & electric fireplaces. More updates to come, seller is having gutters installed, plus interior trim, some painting, etc. Interior is light & bright. Each unit has a dedicated laundry area, including pantry, dining space, full kitchen & outdoor patio. RV Parking. Sited nicely at the end of the street, just off the cul-de-sac. NO flood insurance required. 24 Hours notice needed for tours – schedule your visit today!
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Additional Information
- List Date
- 2026-06-12 17:17:18
- Community
- Burlington
- Net Operating Income
- $45,991
- Gross Adjusted Income
- $55,200
- Gross Scheduled Income
- $55,200
- Total Monthly Income
- $4,600
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $2,736
- Gross Rent Multiplier
- 12.23
- Total Expenses
- $9,209
- Cap Rate
- 6.8
- Total Number of Units
- 2
- Unit Name
- 11040
- Potential Terms
- Cash, Conventional, FHA, State Bond, USDA Loan, VA Loan
- Year Built
- 1979
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Fenced-Fully, Outbuildings, Patio, RV Parking
- Energy Source
- Electric
- School District
- Burlington
- Total Monthly Income
- $4,600
- Gross Scheduled Income
- $55,200
- Gross Adjusted Income
- $55,200
- Tax Year
- 2026
- Insurance Expense
- $1,500
- W/S/G Expenses
- $2,736
- Total Expenses
- $9,209
- Net Operating Income
- $45,991
- Gross Rent Multiplier
- 12.23
- Cap Rate
- 6.8
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.