NOT LISTED FOR SALE
4 Beds
6 Baths
4,800 Sq Ft
6,098 Sq Ft Lot

Last Sold February 28, 2019

Last sale price $1,500,000 $312 Per Sq Ft

106 Days on Market

Highlights

  • City View
  • Softwood Flooring
  • High Speed Internet
  • Bellingham High School Rated A
  • Thermal Windows
  • 4-minute walk to Broadway Park

About This Home

As of February 2019

Stable income stream from this amazing turn key investment property. Nearly 100K in net operating income providing a 6.23% Cap rate. Every unit re-done with new kitchens and baths and granite counters, new appliances, and cabinets. Gorgeous fir flooring. , absolutely amazing character. Sought after building with zero vacancy. Income of just under 10K per month. All units are leased. New TPO roof, plumbing and electrical upgrades. Sit back and enjoy the cash flow. GREAT VALUE/100% TURN KEY

Last Agent to Sell the Property

Monte Young

Bellwether Real Estate License #2871 Listed on: 08/30/2018

Bellwether Real Estate

Last Buyer's Agent

Monte Young

Bellwether Real Estate License #2871 Listed on: 08/30/2018

Bellwether Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1352483

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,947

Year Built

  • Built in 1932

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x126
  • Property is in very good condition

Property Views

  • City
  • Territorial

Home Design

  • Poured Concrete
  • Stucco

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Softwood
  • Laminate

Parking

  • 5 Parking Spaces
  • Open Parking

Schools

  • Whatcom Mid Middle School
  • Bellingham High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Cornwall Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3803193101130000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,947

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1932
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4800
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 498

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Softwood, Laminate, See Remarks
  • Interior Amenities: Fir/Softwood, Laminate Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Thermal Windows

Exterior Features

  • Roof: See Remarks
  • View: City, Territorial
  • Lot Features: Alley, Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bellingham
  • WaterCompany: City of Bellingham
  • WaterSewerGarbage: 3978

Schools

  • Junior High Dist: Bellingham
  • High School: Bellingham High
  • Middle Or Junior School: Whatcom Mid

Lot Info

  • Parcel Number: 3803193101130000
  • Lot Size Acres: 0.14
  • Lot Size: 50X126
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 9845

Multi Family

  • Gross Scheduled Income: 118140
  • Net Operating Income: 99340
  • Number Of Units Total: 8
  • Electric Expense: 368
  • Insurance Expense: 4729
  • Leasable Area: 4424
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7947

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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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
02/28/2019 02/28/19 Sold $1,500,000 -6.0% $313 / Sq Ft
12/14/2018 12/14/18 Pending -- -- --
11/13/2018 11/13/18 Price Changed $1,595,000 -5.6% $332 / Sq Ft
10/12/2018 10/12/18 Price Changed $1,690,000 -3.4% $352 / Sq Ft
08/30/2018 08/30/18 For Sale $1,750,000 +113.7% $365 / Sq Ft
11/25/2015 11/25/15 Sold $818,750 -0.8% $171 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $825,000 -- $172 / 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: 1352483

Northwest Multiple Listing Service (NWMLS)