NOT LISTED FOR SALE

130 5th St Langley, WA 98260

-- Bed
-- Bath
11,265 Sq Ft
1.06 Acres

Last Sold August 31, 2012

Last sale price $1,100,000 $98 Per Sq Ft

71 Days on Market

Highlights

  • Ocean View
  • Patio
  • High Speed Internet
  • Deck
  • Disabled Access
  • Partially Fenced Property

About This Home

As of August 2012

Beautiful 16-plex in the enchanting waterfront town of Langley on Whidbey Island. Single level living, many units with water &/or mountain views. Well maintained, freshly painted and landscaped. Four individual 4-plex bldgs, total of 11-2B approx 700sf, 4-1B approx 550 sf, 1-1B handicap approx 700 sf , 9 of which have been updated with new paint, flooring & appliances. Separate laundry building. Ample covered & guest parking. Excellent potential to raise rents.

Last Agent to Sell the Property

Holly Reynolds

Windermere Whidbey Island License #47833 Listed on: 04/04/2012

Windermere Whidbey Island

Last Buyer's Agent

Caroline Fulton

ADDO Real Estate, LLC License #18873

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM339170

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1997

Lot Details

  • Street terminates at a dead end
  • Partially Fenced Property

Property Views

  • Ocean
  • Views of a Sound
  • Limited

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Propane
  • High Speed Internet
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Disabled Access

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number R330340363110

Property Details

Home Type

Multi-Family

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Style: 10+ Units
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floor Covering: Laminate Hardwood, Vinyl, Wall To Wall Carpet
  • Estimated Sq Ft: 11265

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Ocean, Partial, Sound

Garage/Parking

  • Numberof Carport Spaces: 18
  • Numberof Uncovered Spaces: 12
  • Total Numberof Parking Spaces: 30

Utilities

  • Electrical Expenses: 1470
  • Heating Expenses: 2015
  • Water/Sewer/Garbage: 2298
  • Heating And Cooling: Forced Air
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: City of Langley
  • Water Company: City of Langley
  • Water Source: Public

Condo/Co-op/Association

  • Numberof Units in Building: 16
  • Amenities: Coin Op Laundry, Thermal Windows

Schools

  • School District: SWI

Lot Info

  • General Zoning Classification: Multi-Family
  • Lot Details: Dead End Street, Paved Street, Sidewalk
  • Lot Sq Ft: 46330
  • Parcel Number: R330340363110

Multi Family

  • Gross Adjusted Income: 105306
  • Gross Rent Multiplier: 10
  • Gross Scheduled Income: 132300
  • Insurance Expenses: 6300
  • Other Expenses: 2400
  • Total Expenses: 26994
  • Total Monthly Income: 132300
  • Net Operating Income: 97584
  • Total Expenses: 26994
  • Vacancy Rate: 6

Tax Info

  • Tax Amount: 12511

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2012 08/31/12 Sold $1,100,000 -15.1% $98 / Sq Ft
06/15/2012 06/15/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $1,295,000 -- $115 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM339170

Northwest Multiple Listing Service (NWMLS)