4710 Alderson Road, Birch Bay, WA 98230

$3,200,000
10,200
SqFt

Listing courtesy of RE/MAX Metro Realty, Inc..

List Price
$3,200,000
Status
ACTIVE
MLS#
1988520
Days on Market
92
Style
56 - 10+ Units
Finished SqFt
10,200
Area Total SqFt
10200
Annual Tax Ammount
10952.46
Lot Size (sq ft)
59,242
Sewer
Sewer Connected

Property Description

Investment by the Bay. Come to Birch Bay or your 1031 exchange with a 5.6% CAP. This is it! 10 units with plenty of parking currently onsite management. The birch bay community is a 3 season beach life. Semiahmoo resort is close by with golfing, spa and health club. Many golf courses and restaurants near by. Just 10 miles from the Canadian border, White rock, and 25 miles from Bellingham. Many of the units are updated with new appliances and flooring. Don't wait on this one. It's a great addition to your portfolio. Dogs are additional $50. Current Pet income is $3,600 annually. Washer & Dryer hook-ups in all units. Currently updating vacant units. Roof is being repaired and replaced. 8/10 units have been updated.

Additional Information

List Date
2022-08-26 21:37:10
Community
Birch Bay
Net Operating Income
$178,995
Gross Adjusted Income
$231,000
Gross Scheduled Income
$231,000
Total Monthly Income
$231,000
Insurance Expenses
$6,655
Water/Sewer/Garbage Expenses
$10,148
Gross Rent Multiplier
13.85
Total Expenses
$52,005
Cap Rate
5.6
Vacancy Rate
1
Total Number of Units
10
Unit Name
4710
Potential Terms
Cash Out, Conventional
Year Built
1982
View
Bay
Roof
Metal, Tile
Heating/Cooling Type
Baseboard, Wall
Electric Expenses
3600
Other Expenses
20650
Energy Source
Electric
School District
Blaine
Elementary School
Blaine Elem
Middle School
Blaine Mid
High School
Blaine High
Total Monthly Income
$231,000
Gross Scheduled Income
$231,000
Vacancy Rate
1
Gross Adjusted Income
$231,000
Tax Year
2022
Insurance Expense
$6,655
W/S/G Expenses
$10,148
Total Expenses
$52,005
Net Operating Income
$178,995
Gross Rent Multiplier
13.85
Cap Rate
5.6
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