Listed by Muljat Group, Bought with RE/MAX Whatcom County, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
5,215 Sq Ft
10,454 Sq Ft Lot

Last Sold September 06, 2019

Last sale price $1,035,000 $198 Per Sq Ft

327 Days on Market

About This Home

As of September 2019

Solid investment, 6 unit multi-family building for sale with historically low vacancies and potential rental upside! Some recent interior/exterior upgrades including a new roof in 2017 as well as new gutters this year. Five of the six units have been remodeled and have all appliances and washer/ dryers. Take advantage of the rental market and own a great investment opportunity in Bellingham!

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 07/17/2018

Muljat Group

Last Buyer's Agent

Brad Hanks

RE/MAX Whatcom County, Inc. License #73959

RE/MAX Whatcom County, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1324758

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1980

Lot Details

  • 10,454 Sq Ft Lot
  • Property is in good condition

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,215 Sq Ft Home
  • 2-Story Property

Parking

  • 14 Parking Spaces
  • Open Parking

Community Details

  • Bellingham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 380329083109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5215
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6400

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 380329083109
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 6940

Multi Family

  • Gross Scheduled Income: 83280
  • Net Operating Income: 61677
  • Number Of Units Total: 6
  • Insurance Expense: 1147
  • Leasable Area: 5215
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5204

Range of Values:

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Average Value
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List Price
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 List to Sale Price per Sq Ft
09/06/2019 09/06/19 Sold $1,035,000 -5.9% $198 / Sq Ft
06/09/2019 06/09/19 Pending -- -- --
12/27/2018 12/27/18 Price Changed $1,100,000 -2.2% $211 / Sq Ft
09/20/2018 09/20/18 Price Changed $1,125,000 -6.3% $216 / Sq Ft
07/17/2018 07/17/18 For Sale $1,200,000 -- $230 / 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: 1324758

Northwest Multiple Listing Service (NWMLS)