1512 I Street, Bellingham, WA 98225

$1,313,000
2,400
SqFt

Listing courtesy of COMPASS.

List Price
$1,313,000
Status
PENDING
MLS#
2216478
Days on Market
51
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!

Additional Information

List Date
2024-04-06 00:00:08
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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