701-703 N Garden St

    Bellingham, WA 98225
    • $1,700,000
    • STATUS: Pending Inspection
    • ON SITE: 41 days
    • ID#: 1567641
    Under Contract
    UPDATED: 61 min ago
    $1,700,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Bellwether Real Estate.

    Description

    A 6-plex in an A+ location! This amazing investment is right by WWU, never has vacancies and in the Opportunity Zone! Brings in $115,500 in gross income and an NOI of $97,740. A building that has been meticulously maintained and has true pride of ownership. Some of the upgrades are, new sewer line, new gas boiler, oil tank decommissioned, crawl space dug out and more. Development opportunity with ability to put a 10-plex here (buyer to verify). Don't miss the chance to add this to your portfolio

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-03T00:13:35.2.

    www.resg.com/homes/103457411

    701-703 N Garden St Bellingham, WA 98225

    • Price: $1,700,000
    • Status: Pending Inspection
    • Updated: 61 min ago
    • ID#: 1567641
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1923
    Built
    Neighborhood:
    Downtown
    County:
    Whatcom
    Area:
    Bellingham
    School District:
    Bellingham
    Property Description
    A 6-plex in an A+ location! This amazing investment is right by WWU, never has vacancies and in the Opportunity Zone! Brings in $115,500 in gross income and an NOI of $97,740. A building that has been meticulously maintained and has true pride of ownership. Some of the upgrades are, new sewer line, new gas boiler, oil tank decommissioned, crawl space dug out and more. Development opportunity with ability to put a 10-plex here (buyer to verify). Don't miss the chance to add this to your portfolio
    Exterior Features

    Building Condition Good Carport Spaces 0 Construction Methods Standard Frame Exterior See RemarksWood Foundation Post & PillarPoured Concrete Garage Spaces 1 Lot Details AlleyCorner LotCurbsPaved StreetValue In Land Roof CompositionFlat Stories In Building 3 Style 55 - 5-Plex Total Parking Spaces 16 Uncovered Spaces 15 View BayGolf CourseMountainOceanTerritorial

    Interior Features

    Floor Covering Ceramic TileFir/SoftwoodLaminate HardwoodVinylWall to Wall Carpet Heating And Cooling BaseboardHeat PumpRadiatorDuctless HP-Mini Split Unit1 Bathrooms 1.00 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 0 Unit2 Bathrooms 1.00 Unit2 Bedrooms 1 Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 0 Unit3 Bathrooms 1.00 Unit3 Bedrooms 1 Unit3 Fireplaces 0 Unit3 Range Oven Y Unit3 Refrigerator Y Unit3 Sq Ft 0 Unit4 Bathrooms 2.00 Unit4 Bedrooms 5 Unit4 Fireplaces 0 Unit4 Range Oven Y Unit4 Refrigerator Y Unit4 Sq Ft 0 Unit5 Bathrooms 1.00 Unit5 Bedrooms 3 Unit5 Fireplaces 0 Unit5 Range Oven Y Unit5 Refrigerator Y Unit5 Sq Ft 0 Unit6 Bathrooms 1.00 Unit6 Bedrooms 2 Unit6 Fireplaces 0 Unit6 Range Oven Y Unit6 Refrigerator Y Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities BasementCoin Op LaundryStorageThermal Windows Bank Owned No Cap Rate 5.75 Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 115500 Gross Rent Multiplier 15 Gross Scheduled Income 115500 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3214 Leased Items None Net Operating Income 97740 New Construction YN No Other Expenses 0 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Cob Site Features Cable TVDeckGas AvailableHigh Speed Internet Tax Amount 10556 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 20992 Total Expenses TEX 20992 Total Monthly Income 9625 Unit1 Monthly Rent 1725 Unit2 Monthly Rent 1000 Unit3 Monthly Rent 925 Unit4 Monthly Rent 3000 Unit5 Monthly Rent 1725 Unit6 Monthly Rent 1175 Vacancy Rate 0 Water Company Cob Water Sewer Garbage 3989 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Real Estate Solutions Group - NWRE LLC and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-03T00:13:35.2.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Bellwether Real Estate.