Lease option
Lease with Purchase Option · 3BR/2.0BA · Mt Vernon, WA
2005 E College Way, Mt Vernon, WA · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units2
Beds / baths4 / 2
Living area3,679 sqft
Lot0.27 acres
Year built1940
About this deal
Lease-option on a single-family home located at 2005 E College Way, Mt Vernon, WA. Move in now and lock in today's price of $305,000. Option period and rent-credit terms are negotiable. 3 bedrooms, 2.0 bathrooms, built 1936.
The numbers
- Cap rate
- 5.5%
- Net operating income
- $22,500/yr
- Cash flow
- +$1,875/mo
- Occupancy
- 1 of 2 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.