1505 Moore Street, Bellingham, WA 98229

$1,035,000
5,215
SqFt

Listing courtesy of Muljat Group. Selling Office: RE/MAX Whatcom County, Inc..

Sold Price
$1,035,000
List Price
$1,100,000
Status
SOLD
MLS#
1324758
Closing Date
Sep 06, 2019
Days on Market
327
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
5,215
Area Total SqFt
5215
Annual Tax Ammount
5204
Lot Size (sq ft)
10,454
Sewer
Sewer Connected

Property Description

Solid investment, 6 unit multi-family building for sale with historically low vacancies and potential rental upside! Some recent interior/exterior upgrades including a new roof in 2017 as well as new gutters this year. Five of the six units have been remodeled and have all appliances and washer/ dryers. Take advantage of the rental market and own a great investment opportunity in Bellingham!

Additional Information

List Date
2018-10-14 00:00:00
Community
Bellingham
Net Operating Income
$61,677
Gross Adjusted Income
$80,782
Gross Scheduled Income
$83,280
Total Monthly Income
$6,940
Insurance Expenses
$1,147
Water/Sewer/Garbage Expenses
$6,400
Gross Rent Multiplier
13
Total Expenses
$19,070
Cap Rate
5.61
Vacancy Rate
3
Total Number of Units
6
Unit Name
1505
Potential Terms
Cash Out, Conventional
Year Built
1980
Roof
Composition
Other Expenses
6319
School District
Bellingham
Total Monthly Income
$6,940
Gross Scheduled Income
$83,280
Vacancy Rate
3
Gross Adjusted Income
$80,782
Tax Year
2018
Insurance Expense
$1,147
W/S/G Expenses
$6,400
Total Expenses
$19,070
Net Operating Income
$61,677
Gross Rent Multiplier
13
Cap Rate
5.61
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