Listed by WestCom Properties Inc.
$2,050,000

Estimated payment $11,906/month

Total Views 88
-- Bed
9 Baths
6,625 Sq Ft
$309 Price per Sq Ft

Highlights

  • 0.29 Acre Lot
  • Corner Lot
  • Baseboard Heating
  • Bellingham High School Rated A
  • No HOA
  • 3-minute walk to Cornwall Tot Lot

About This Home

6 multi-family studio apartments, plus 3 commercial office spaces in this highly desirable location on the corner of Alabama and Cornwall Ave. It is currently fully occupied.

Listing Agent

Brian Finnegan

WestCom Properties Inc. License #11930 Listed on: 09/25/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2428795

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,858

Year Built

  • Built in 2005

Lot Details

  • 0.29 Acre Lot
  • Corner Lot
  • 3803193100950000

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 9 Bathrooms
  • 6,625 Sq Ft Home
  • 2-Story Property
  • Carpet

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Bellingham Subdivision

Listing and Financial Details

  • Legal Lot and Block 7-8 / 145
  • Assessor Parcel Number 3803193100950000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,858

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2005
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 6625
  • SOCComments: 4% Total split 50/50
  • Special Features: None
  • Cumulative Days on Market: 345

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Foundation Details: Block
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 11808

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bellingham

Lot Info

  • Parcel Number: 3803193100950000
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632
  • Additional Parcels Description: 3803193100950000
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • LotNumber: 7-8

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.82
  • LeasedItems: None
  • TotalMonthlyIncome: 11736

Multi Family

  • Gross Scheduled Income: 173413
  • Net Operating Income: 124130
  • Number Of Units Total: 9
  • Electric Expense: 227
  • Insurance Expense: 4990
  • Leasable Area: 6625
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 9858

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $9,858 $1,393,999 $594,063 $799,936
2023 $9,858 $1,267,314 $540,075 $727,239
2022 $10,796 $1,348,207 $574,548 $773,659
2021 $11,439 $1,162,247 $495,300 $666,947
2020 $11,693 $1,162,247 $495,300 $666,947
2019 $10,216 $1,148,395 $522,275 $626,120
2018 $11,369 $1,005,976 $457,505 $548,471
2017 $9,926 $957,136 $435,293 $521,843
2016 $9,146 $873,360 $397,193 $476,167
2015 $9,452 $837,755 $381,000 $456,755
2014 -- $837,755 $381,000 $456,755
2013 -- $817,568 $361,950 $455,618
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 For Sale $2,050,000 -- $309 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,172,780 Stewart Title Company
Quit Claim Deed -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $711,000 Commercial
Previous Owner $230,000 Commercial
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2428795

Northwest Multiple Listing Service (NWMLS)

APN: 380319-310095-0000