3243 Partridge Lane, Bellingham, WA 98225

$1,720,000
7,716
SqFt

Listing courtesy of The Foundation Group LLC. Selling Office: Real Living Bayside Realty.

Sold Price
$1,720,000
List Price
$1,750,000
Status
SOLD
MLS#
1685526
Closing Date
Apr 09, 2021
Days on Market
88
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
7,716
Area Total SqFt
7716
Annual Tax Ammount
10102
Lot Size (sq ft)
13,068
Sewer
Sewer Connected

Property Description

Originally built in 2008 as condos, this is a turn-key investment in Bellingham's high demand Birchwood neighborhood. Each of the 6 condo-quality townhome units are over 1200 SqFt, are individually metered for all utilities, stainless steel appliances, attached garages, gas fireplaces, front and back patios, yard space, engineered hardwood flooring, and modern finishes throughout. 5% cap rate w/ professional management, and immediate rental upside still available.

Additional Information

List Date
2021-01-11 00:00:00
Community
Birchwood
Net Operating Income
$87,425
Gross Adjusted Income
$108,427
Gross Scheduled Income
$110,640
Total Monthly Income
$9,220
Insurance Expenses
$1,800
Gross Rent Multiplier
16
Total Expenses
$21,002
Cap Rate
5
Vacancy Rate
2
Total Number of Units
6
Unit Name
3243
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
2008
Roof
Composition
Other Expenses
9100
Energy Source
Electric
School District
Bellingham
Total Monthly Income
$9,220
Gross Scheduled Income
$110,640
Vacancy Rate
2
Gross Adjusted Income
$108,427
Tax Year
2020
Insurance Expense
$1,800
Total Expenses
$21,002
Net Operating Income
$87,425
Gross Rent Multiplier
16
Cap Rate
5
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