350 E Bellis Fair Parkway, Bellingham, WA 98226

$1,200,000
6,162
SqFt

Listing courtesy of John L. Scott Bellingham. Selling Office: Keller Williams Western Realty.

Sold Price
$1,200,000
List Price
$1,200,000
Status
SOLD
MLS#
2045116
Closing Date
May 30, 2023
Days on Market
30
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
6,162
Area Total SqFt
6162
Annual Tax Ammount
10987
Lot Size (sq ft)
10,890
Sewer
Sewer Connected

Property Description

Investment opportunity awaits! This well maintained complex, situated in a highly convenient location, boasts 4 generously sized units featuring fantastic floor plans. Each 2 bed/2 bath unit is equipped with laundry rooms, washer/dryers, gas fireplaces, & spacious living areas that lead out to private decks/patios. The primary bath in each unit includes a Jacuzzi tub, & the kitchen features a convenient pantry. The building offers 4 carport spots, 2 extra uncovered parking spots, and additional storage. The newly refreshed unit with new carpet/paint, can bring $2100/month for rent.

Additional Information

List Date
2023-04-30 00:00:00
Community
Cordata
Net Operating Income
$57,514
Gross Adjusted Income
$71,970
Gross Scheduled Income
$71,970
Total Monthly Income
$4,467
Insurance Expenses
$2,972
Water/Sewer/Garbage Expenses
$5,311
Gross Rent Multiplier
18.06
Total Expenses
$21,322
Cap Rate
4.42
Total Number of Units
4
Unit Name
350
Potential Terms
Cash Out, Conventional
Year Built
2003
View
Territorial
Roof
Composition
Site Features
Cable TV, Patio
Other Expenses
2052
Energy Source
Electric, Natural Gas
School District
Bellingham
Total Monthly Income
$4,467
Gross Scheduled Income
$71,970
Gross Adjusted Income
$71,970
Tax Year
2022
Insurance Expense
$2,972
W/S/G Expenses
$5,311
Total Expenses
$21,322
Net Operating Income
$57,514
Gross Rent Multiplier
18.06
Cap Rate
4.42
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