1504 Alabama Street, Bellingham, WA 98229
- $1,175,000
Listing courtesy of WestCom Properties Inc.. Selling Office: WestCom Properties Inc..
- Sold Price
- $1,175,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 1854855
- Closing Date
- Dec 30, 2021
- Days on Market
- 28
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Annual Tax Ammount
- 8743
- Lot Size (sq ft)
- 10,018
- Sewer
- Sewer Connected
- Bank Owned
- Yes
Property Description
Great value and opportunity for a handyman or contractor! Pro-forma rents at $1,650 for 4-plex with 5.62% cap rate. Properties are two parcels, on one parcel, is a house that is not in rentable condition. Upside in fixing up the house or tear it down and add multiple units.
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Additional Information
- List Date
- 2021-12-02 00:00:00
- Community
- Roosevelt
- Net Operating Income
- $44,110
- Gross Adjusted Income
- $86,718
- Gross Scheduled Income
- $89,400
- Total Monthly Income
- $5,675
- Insurance Expenses
- $4,117
- Water/Sewer/Garbage Expenses
- $8,696
- Gross Rent Multiplier
- 238
- Total Expenses
- $35,367
- Cap Rate
- 4.93
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 1504
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2002
- Roof
- Composition
- Electric Expenses
- 18
- Other Expenses
- 13703
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- RooseveltElem
- Middle School
- Kulshan Mid
- High School
- Bellingham High
- Total Monthly Income
- $5,675
- Gross Scheduled Income
- $89,400
- Vacancy Rate
- 3
- Gross Adjusted Income
- $86,718
- Tax Year
- 2021
- Insurance Expense
- $4,117
- W/S/G Expenses
- $8,696
- Total Expenses
- $35,367
- Net Operating Income
- $44,110
- Gross Rent Multiplier
- 238
- Cap Rate
- 4.93
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