528 N State Street, Bellingham, WA 98226
- $725,000
- 4,160
- SqFt
Listing courtesy of Lakeway Realty, Inc.. Selling Office: Bellwether Real Estate.
- Sold Price
- $725,000
- List Price
- $749,000
- Status
- SOLD
- MLS#
- 1426884
- Closing Date
- May 23, 2019
- Days on Market
- 23
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,160
- Area Total SqFt
- 4160
- Annual Tax Ammount
- 6430
- Lot Size (sq ft)
- 10,625
- Sewer
- Sewer Connected
- Offer Review Date
- 2019-03-26
Property Description
Stunning bay and city view 5-plex! Own a piece of Bellingham history... one of the most recognizable properties on South Hill. Just 2 blocks to WWU and 1 block to the waterfront trail. 5 incredible units well maintained each with their own unique quality. Vaulted ceilings and widows walk to enjoy morning cups of coffee & amazing Bellingham sunsets. Unit C has a large sun room w/bay views. Unit A has oversized bedrooms & high ceilings. Alley with off street parking.
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Additional Information
- List Date
- 2019-04-30 00:00:00
- Community
- South Hill
- Net Operating Income
- $48,326
- Gross Adjusted Income
- $66,738
- Gross Scheduled Income
- $68,100
- Total Monthly Income
- $5,675
- Insurance Expenses
- $3,512
- Water/Sewer/Garbage Expenses
- $4,770
- Gross Rent Multiplier
- 11
- Total Expenses
- $18,412
- Cap Rate
- 6.44
- Vacancy Rate
- 2
- Total Number of Units
- 5
- Unit Name
- 528
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1895
- View
- Bay, City, Mountain(s), Ocean
- Roof
- Composition
- Site Features
- Cable TV, Deck
- Other Expenses
- 3700
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,675
- Gross Scheduled Income
- $68,100
- Vacancy Rate
- 2
- Gross Adjusted Income
- $66,738
- Tax Year
- 2019
- Insurance Expense
- $3,512
- W/S/G Expenses
- $4,770
- Total Expenses
- $18,412
- Net Operating Income
- $48,326
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.44
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