Seller's Agent in 2023
Loren Van Corbach
Windermere Real Estate Whatcom
(360) 303-5885
107 in this area
158 Total Sales
Estimated Value: $1,645,000 - $2,040,000
Ultimate investment opportunity! New 4-plex recently finished and fully occupied designed by JWR design and constructed by West Coast Developers promising a great use of space & quality construction demanding top rent! (2) 3-bed units with single car garages & (2) 4-bed units with double car garages. Tenants pay all utilities. Property generates a GSI of $118k with low expenses resulting in a robust NOI of $98k and a healthy Cap Rate of 5.3%. Current numbers reflect a management fee of $8,280. If self managed cap rate increases to 5.7%! 7" wide plank floors, presidential carpet, ductless mini splits providing AC & heat, sparkling white quartz counters, & Whirpool stainless appliances. Fully landscaped, patios, & a low maintenance yard.
Last Agent to Sell the Property
Windermere Real Estate Whatcom License #105445 Listed on: 03/08/2023
Last Buyer's Agent
Windermere Real Estate Whatcom License #105445 Listed on: 03/08/2023
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2042992
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mckim Jeremy Kenneth | $1,850,000 | Whatcom Land Title | |
| West Coast Developers Llc | -- | Whatcom Land Title |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/09/2023 05/09/23 | Sold | $1,850,000 | 0.0% | $316 / Sq Ft |
| 04/21/2023 04/21/23 | Pending | -- | -- | -- |
| 03/08/2023 03/08/23 | For Sale | $1,850,000 | -- | $316 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,584 | $1,525,019 | $300,108 | $1,224,911 |
| 2024 | $10,693 | $1,529,545 | $266,750 | $1,262,795 |
| 2023 | $10,693 | $1,489,226 | $275,000 | $1,214,226 |
| 2022 | $506 | $1,216,201 | $361,020 | $855,181 |
| 2021 | $506 | $54,417 | $54,417 | -- |
Seller's Agent in 2023
Loren Van Corbach
Windermere Real Estate Whatcom
(360) 303-5885
107 in this area
158 Total Sales
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2042992
APN: 400316-452525-0000