403 /405 N State St, Bellingham, WA 98225

$1,650,000
2,036
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$1,650,000
Status
ACTIVE
MLS#
1491619
Days on Market
87
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,036
Lot Size (sq ft)
16,869

Property Description

South Hill duplex with 360 degree unobstructed bay views from both units! Both are 2bd/1ba w/all appliances included and cozy wood fireplaces. Equally Large sweeping decks overlooking Bellingham Bay make for exceptional dining or entertaining. Property has been proposed for Developing a 7-8 Unit Condo/Apartment Building due to it's value in land. Development plans maintain Bay Views for each unit with potential for penthouse apartment at top level and covered parking below grade.

Additional Information

List Date
2019-07-18 00:00:00
Community
South Hill
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, See Remarks
Year Built
1954
Total Parking
5
Uncovered Parking
4
View
Bay, City, Ocean
Exterior
Wood
Roof
Flat
Site Features
Cable TV, Deck, High Speed Internet
Lot Details
Alley, Paved Street, Value In Land
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$34,800
Gross Scheduled Income
$34,800
Gross Adjusted Income
$34,800
Annual Taxes
$5,573
Tax Year
2019
Insurance Expense
$900
W/S/G Expenses
$750
Total Expenses
$7,473
Net Operating Income
$27,327
Gross Rent Multiplier
47
Cap Rate
1

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Size
1002
Unit 1 Rent
$1,450
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
1050
Unit 2 Rent
$1,450
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