1205 Euclid Avenue, Bellingham, WA 98229

$805,000
4,520
SqFt

Listing courtesy of Sterling Real Estate Group. Selling Office: Fairhaven Realty br of Lakeway.

Sold Price
$805,000
List Price
$824,900
Status
SOLD
MLS#
1105352
Closing Date
Aug 31, 2017
Days on Market
39
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
4,520
Area Total SqFt
4520
Annual Tax Ammount
5384
Lot Size (sq ft)
64,033
Sewer
Sewer Connected

Property Description

Four-plex in a private, quite secluded area of Geneva on 1.47 acre w/mature firs and cedar trees w/a small creek running across the property. Built in the 1970's & updated in 2007 with new roof, windows, siding, extra insulation, flooring & major upgrades in the kitchens and baths. Long term tenants. Lots of parking for cars, boats & RV. One detached garage w/metal roof. Two units have water catchment toilet flushing. Unit 1 in the back is one level. All units have views of surrounding trees.

Additional Information

List Date
2017-07-23 00:00:00
Community
Geneva
Net Operating Income
$45,853
Gross Adjusted Income
$53,460
Gross Scheduled Income
$59,400
Total Monthly Income
$4,950
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$5,607
Gross Rent Multiplier
14
Total Expenses
$7,607
Cap Rate
5.6
Vacancy Rate
1
Total Number of Units
4
Unit Name
1205
Potential Terms
Cash Out, Conventional
Year Built
1974
Waterfront
Yes
Roof
Composition
Site Features
Patio
Electric Expenses
200
School District
Bellingham
Elementary School
Carl Cozier Elem
Middle School
Kulshan Mid
High School
Sehome High
Total Monthly Income
$4,950
Gross Scheduled Income
$59,400
Vacancy Rate
1
Gross Adjusted Income
$53,460
Tax Year
2017
Insurance Expense
$1,800
W/S/G Expenses
$5,607
Total Expenses
$7,607
Net Operating Income
$45,853
Gross Rent Multiplier
14
Cap Rate
5.6
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