785 Vesper Way, Camano Island, WA 98292

$1,050,000
6,384
SqFt

Listing courtesy of New Horizon Realty LLC. Selling Office: New Horizon Realty LLC.

Sold Price
$1,050,000
List Price
$1,100,000
Status
SOLD
MLS#
1497564
Closing Date
Oct 18, 2019
Days on Market
46
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
6,384
Lot Size (sq ft)
27,007

Property Description

Fantastic Sound & Mt. View Apartment Building w/Beach Rights to Driftwood Heights. These units have Large covered decks for year round enjoyment & great for entertaining. Large picture windows in the living rm w/firepl. Open floor plans. Appliances stay. Updated in last 6 yrs. Large common yard. Great rental market on Camano Island. Driftwood Heights water Association. All units the same except reverse floor plans. Stanwood/Camano School district. Great location w/easy commute. Bus near by too.

Additional Information

List Date
2019-09-02 00:00:00
Community
Driftwood Heights
Potential Terms
Cash Out, Conventional
Year Built
1978
View
Bay, Mountain(s), See Remarks, Sound, Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet, Outbuildings
School District
Stanwood-Camano
Elementary School
Elger Bay Elem
Middle School
Stanwood Mid
High School
Stanwood High
Total Monthly Income
$7,450
Gross Scheduled Income
$88,800
Vacancy Rate
5
Gross Adjusted Income
$89,700
Tax Year
2019
Insurance Expense
$2,202
W/S/G Expenses
$4,452
Total Expenses
$12,163
Net Operating Income
$77,537
Gross Rent Multiplier
12
Cap Rate
7
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