1801 I Street, Bellingham, WA 98225
- $1,225,000
- 4,913
- SqFt
Listing courtesy of Windermere Real Estate Whatcom. Selling Office: eXp Realty.
- Sold Price
- $1,225,000
- List Price
- $1,349,888
- Status
- SOLD
- MLS#
- 2019353
- Closing Date
- Mar 27, 2023
- Days on Market
- 79
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 4,913
- Area Total SqFt
- 4913
- Annual Tax Ammount
- 5541
- Internet Provider
- ComCast
- Lot Size (sq ft)
- 5,000
- Sewer
- Sewer Connected
Property Description
Great 6 plex in the lettered street close to breweries,parks & downtown. Building sits behind the Bellingham School District headquarters. Building has a mix of 2 large 2 bedroom units & 4 good size studio units. Extra income from a detached garage & basement art studio/storage. Landlord pays heat with high efficiency gas hot water boiler & domestic hot water for the tenants. Lots of charm on the outside & inside. Not a cookie cutter apartment building. Full basement partially finished into laundry room & mechanical and storage rooms. Lots of space to finish for additional storage rooms in basement.
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Additional Information
- List Date
- 2023-01-07 00:00:00
- Community
- Lettered Streets
- Net Operating Income
- $74,169
- Gross Adjusted Income
- $89,552
- Gross Scheduled Income
- $91,380
- Total Monthly Income
- $7,615
- Insurance Expenses
- $1,343
- Water/Sewer/Garbage Expenses
- $3,096
- Gross Rent Multiplier
- 14.77
- Total Expenses
- $15,383
- Cap Rate
- 5.5
- Vacancy Rate
- 2
- Total Number of Units
- 6
- Unit Name
- 1801
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1906
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available
- Electric Expenses
- 298
- Other Expenses
- 2533
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- Parkview Elem
- Middle School
- Whatcom Mid
- High School
- Bellingham High
- Total Monthly Income
- $7,615
- Gross Scheduled Income
- $91,380
- Vacancy Rate
- 2
- Gross Adjusted Income
- $89,552
- Tax Year
- 2022
- Insurance Expense
- $1,343
- W/S/G Expenses
- $3,096
- Total Expenses
- $15,383
- Net Operating Income
- $74,169
- Gross Rent Multiplier
- 14.77
- Cap Rate
- 5.5
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