1205 Euclid

Bellingham, WA 98225

Status

ACTIVE

MLS#

1260187

List Price

$1,349,900

Days on Market

35

Style

54 - 4-Plex

Building Condition

['Remodeled']

Finished SqFt

4,703

Lot Size (sq ft)

64,033

Property Description

Four units, all exquisitely renovated, move-in ready, sitting on 1.5 acres of pristine wooded land in sought after Geneva neighborhood. Plenty of parking. Large landscaped yard. Romantic bridge crossing the creek running through the property. Accessory building w/office, workshop, garage & extra storage shed behind. One block from Lake Whatcom Park(swimming + Kayaking.) In the Geneva School District, the most sought after school district in Whatcom county. Highly desirable neighborhood.

Property Details

List Date

2018-03-19 00:00:00

Community

Geneva

Property Type

MULT

Units

4

Stories

2

Additional Information

Potential Terms

Cash Out, FHA

Year Built

1974

Total Parking

14

Uncovered Parking

9

Waterfront

Yes

View

Territorial

Exterior

Metal/Vinyl, Wood

Roof

Composition

Site Features

['Cable TV', 'Deck', 'Gas Available', 'Outbuildings', 'RV Parking', 'Shop']

School District

Bellingham

Elementary School

Carl Cozier Elem

Middle School

Kulshan Mid

High School

Sehome High

Financial Information

Total Monthly Income

$7,780

Gross Scheduled Income

$93,360

Gross Adjusted Income

$93,360

Annual Taxes

$5,928

Tax Year

2018

Insurance Expense

$2,000

W/S/G Expenses

$5,640

Total Expenses

$28,080

Net Operating Income

$65,280

Gross Rent Multiplier

14

Cap Rate

4

Approximate Room Dimensions

Unit 1 Beds

3

Unit 1 Baths

2.00

Unit 1 Size

1482

Unit 1 Rent

$1,995

Unit 2 Beds

3

Unit 2 Baths

1.50

Unit 2 Size

1045

Unit 2 Rent

$1,895

Unit 3 Beds

3

Unit 3 Baths

1.50

Unit 3 Size

1045

Unit 3 Rent

$1,895

Unit 4 Beds

2

Unit 4 Baths

1.00

Unit 4 Size

820

Unit 4 Rent

$1,595

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Listing courtesy of Muljat Group.

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