Listed by Windermere Real Estate Whatcom
NOT LISTED FOR SALE

540 Second St Unit A Sumas, WA 98295

-- Bed
-- Bath
-- Sq Ft
8,868 Sq Ft Lot

Last Sold May 20, 2016

Last sale price $285,000

195 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Patio
  • Territorial View

About This Home

As of May 2016

Incredible 7.7% cap rate investment opportunity! Recently renovated four-plex on quiet dead-end street in Sumas. Minutes to the US/Canadian border. Current owner has updated interiors of each of the apartments, currently rented to reliable tenants. Two story building with four two bedroom, one bath units. New roof, gutters, windows and sliders, steel entry doors, hot water heaters, baseboard heaters laminate flooring and light fixtures. Paved parking in front.

Last Agent to Sell the Property

Lyle Sorenson

Windermere Real Estate Whatcom License #110622 Listed on: 10/16/2015

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 860263

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,395

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 8,868

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Thermal Windows
  • Laminate Flooring
  • Territorial Views

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Sumas Elementary School
  • Nooksack Vly Mid Middle School
  • Nooksack Vly High School

Additional Features

  • 8,868 Sq Ft Lot
  • Cable TV Available

Community Details

  • Sumas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4104350922130000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,395

Year Built

Built in 1980 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 541

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: City of Sumas
  • SewerCompany: City of Sumas
  • WaterCompany: City of Sumas
  • WaterSewerGarbage: 1492

Schools

  • Junior High Dist: Nooksack Valley
  • High School: Nooksack Vly High
  • Middle Or Junior School: Nooksack Vly Mid

Lot Info

  • Parcel Number: 4104350922130000
  • Lot Size Acres: 0.2036
  • Lot Size Sq Ft: 8868
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 2580

Multi Family

  • Gross Scheduled Income: 30720
  • Net Operating Income: 22248
  • Number Of Units Total: 6
  • Electric Expense: 27
  • Insurance Expense: 1013
  • Leasable Area: 3000
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3395

MLS Schools

  • Elementary School: Sumas Elem

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
05/20/2016 05/20/16 Sold $285,000 -1.7% --
04/29/2016 04/29/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $290,000 -- --
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: 860263

Northwest Multiple Listing Service (NWMLS)