1512 I Street, Bellingham, WA 98225
- $1,313,000
- 2,400
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,313,000
- Status
- ACTIVE
- MLS#
- 2216478
- Days on Market
- 41
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,400
- Area Total SqFt
- 2400
- Annual Tax Ammount
- 6452
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 4,792
- Sewer
- Sewer Connected
Property Description
Here is an incredible opportunity to own a well cared for 4-plex in the desirable Lettered Streets neighborhood! Situated perfectly with trail access out the front door, a great walk & bike score + 4 parking spots! Two 2 bedroom, 1 bath units and two Studios with shared deck access. Many thoughtful updates throughout such as a newer roof, interior and exterior paint, updated bathrooms, newer carpet, and new appliances, as well as new recessed lighting and wall heaters throughout. All units include dishwashers and in-unit laundry! WOW! Proximity to restaurants, a yoga studio, parks, and more! An overall great building with excellent rental history!
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Additional Information
- List Date
- 2024-03-30 05:17:08
- Community
- Lettered Streets
- Net Operating Income
- $68,709
- Gross Adjusted Income
- $81,300
- Gross Scheduled Income
- $81,300
- Total Monthly Income
- $6,775
- Insurance Expenses
- $2,200
- Water/Sewer/Garbage Expenses
- $3,939
- Gross Rent Multiplier
- 16.15
- Total Expenses
- $12,591
- Cap Rate
- 5.23
- Total Number of Units
- 4
- Unit Name
- 1512
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1994
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Parkview Elem
- Middle School
- Whatcom Mid
- High School
- Bellingham High
- Total Monthly Income
- $6,775
- Gross Scheduled Income
- $81,300
- Gross Adjusted Income
- $81,300
- Tax Year
- 2024
- Insurance Expense
- $2,200
- W/S/G Expenses
- $3,939
- Total Expenses
- $12,591
- Net Operating Income
- $68,709
- Gross Rent Multiplier
- 16.15
- Cap Rate
- 5.23
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