309 S State Street, Bellingham, WA 98225

$950,000
2,156
SqFt

Listing courtesy of Coldwell Banker Bain. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$950,000
List Price
$1,050,000
Status
SOLD
MLS#
1337086
Closing Date
Jan 30, 2019
Days on Market
133
Style
52 - Duplex
Finished SqFt
2,156
Area Total SqFt
2156
Annual Tax Ammount
5731
Lot Size (sq ft)
8,712
Sewer
Sewer Connected

Property Description

Great investment duplex property in highly coveted South Hill with amazing ocean views. This is the second time this property has been available since 1973! Potential to live in one unit beginning in November and rent the other unit. This property also has great development potential, have steady rental income while you are planning a new build. The property has been impeccably maintained and each 2BR/1.5 BA unit features high end finishes and large ocean facing decks. A must see!

Additional Information

List Date
2018-09-19 00:00:00
Community
South Hill
Net Operating Income
$35,529
Gross Adjusted Income
$45,000
Gross Scheduled Income
$45,000
Total Monthly Income
$3,750
Insurance Expenses
$1,400
Water/Sewer/Garbage Expenses
$2,340
Gross Rent Multiplier
26
Total Expenses
$9,471
Cap Rate
3
Vacancy Rate
1
Total Number of Units
2
Unit Name
309
Potential Terms
Cash Out, Conventional
Year Built
1973
View
Bay, Ocean
Roof
Composition
School District
Bellingham
Total Monthly Income
$3,750
Gross Scheduled Income
$45,000
Vacancy Rate
1
Gross Adjusted Income
$45,000
Tax Year
2017
Insurance Expense
$1,400
W/S/G Expenses
$2,340
Total Expenses
$9,471
Net Operating Income
$35,529
Gross Rent Multiplier
26
Cap Rate
3
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