1153 Franklin Street, Bellingham, WA 98225

$683,600
3,000
SqFt

Listing courtesy of Bellwether Real Estate. Selling Office: eXp Realty.

Sold Price
$683,600
List Price
$685,000
Status
SOLD
MLS#
1330532
Closing Date
Jun 12, 2019
Days on Market
162
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,000
Area Total SqFt
3000
Annual Tax Ammount
3262
Lot Size (sq ft)
4,356
Sewer
Sewer Connected

Property Description

MAJOR RENOVATIONS COMPLETE: new plumbing, new bathrooms, new electrical, new drywall, new flooring, and 2 new leases with increased rent: this Grand Dame of York 4-Plex is a hot deal. 7% cap rate, more room for rent increases, it features: location, spacious units, gas fireplaces, views of Mount Baker and the Bay. On top of the recent extensive renovation, this building also features new windows, hardwood floors, new coin op washer/dryer, many new appliances and newer roof.

Additional Information

List Date
2019-01-01 00:00:00
Community
York
Net Operating Income
$448,418
Gross Adjusted Income
$54,000
Gross Scheduled Income
$54,000
Total Monthly Income
$4,500
Insurance Expenses
$923
Water/Sewer/Garbage Expenses
$1,200
Total Expenses
$5,582
Cap Rate
7
Total Number of Units
6
Unit Name
1153
Potential Terms
Cash Out, Conventional, Private Financing Available, VA Loan, USDA Loan
Year Built
1915
View
Bay, Mountain(s)
Roof
Composition
Site Features
Deck, High Speed Internet, Outbuildings
Electric Expenses
300
Other Expenses
480
School District
Bellingham
Total Monthly Income
$4,500
Gross Scheduled Income
$54,000
Gross Adjusted Income
$54,000
Tax Year
2017
Insurance Expense
$923
W/S/G Expenses
$1,200
Total Expenses
$5,582
Net Operating Income
$448,418
Cap Rate
7
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