509 North Garden Street, Bellingham, WA 98225
- $980,000
- 4,000
- SqFt
Listing courtesy of Muljat Group. Selling Office: Compass Washington.
- Sold Price
- $980,000
- List Price
- $899,000
- Status
- SOLD
- MLS#
- 1558590
- Closing Date
- Feb 21, 2020
- Days on Market
- 4
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 4,000
- Area Total SqFt
- 4000
- Annual Tax Ammount
- 6288
- Lot Size (sq ft)
- 6,875
- Sewer
- Sewer Connected
- Offer Review Date
- 2020-02-03
Property Description
First time for sale since constructed new. Very well-maintained triplex with 1-3bd unit, and 2-2bd units. All of the units have updated kitchens, large bedrooms, and fantastic views. The upstairs unit has a fireplace and laundry room. The lower two units share a separate laundry room. All units have updated decks and there are 3 garages in the basement and extra storage. Right across the street from campus. City park on west side of building. Tons of parking in alley.
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Additional Information
- List Date
- 2020-02-17 00:00:00
- Community
- South Hill
- Net Operating Income
- $39,716
- Gross Adjusted Income
- $51,600
- Gross Scheduled Income
- $51,600
- Total Monthly Income
- $5,300
- Insurance Expenses
- $1,883
- Water/Sewer/Garbage Expenses
- $3,240
- Gross Rent Multiplier
- 17
- Total Expenses
- $11,884
- Cap Rate
- 4.4
- Total Number of Units
- 3
- Unit Name
- 509
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1958
- View
- Bay, City, Sound
- Roof
- Flat
- Site Features
- Cable TV, Deck, Gas Available
- Electric Expenses
- 474
- School District
- Bellingham
- Total Monthly Income
- $5,300
- Gross Scheduled Income
- $51,600
- Gross Adjusted Income
- $51,600
- Tax Year
- 2019
- Insurance Expense
- $1,883
- W/S/G Expenses
- $3,240
- Total Expenses
- $11,884
- Net Operating Income
- $39,716
- Gross Rent Multiplier
- 17
- Cap Rate
- 4.4
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