615 11th St

Bellingham, WA 98225

Status

PENDING

MLS#

1264629

List Price

$649,000

Days on Market

7

Style

53 - Tri-plex

Finished SqFt

1,779

Lot Size (sq ft)

6,534

Property Description

Fairhaven Bay View Triplex! Live in the house and rent the two units in back. Or scrape the lot to build a modern masterpiece overlooking the bay. The view and location are creme of the crop. Situated just above Boulevard Park and a major trail system. Idyllic South Hill neighborhood brings an abundance of charm and character.

Property Details

List Date

2018-04-12 00:00:00

Community

South Hill

Property Type

MULT

Units

3

Stories

2

Additional Information

Potential Terms

Cash Out, Conventional

Year Built

1915

Total Parking

4

Uncovered Parking

4

View

Mountain, Ocean

Exterior

Wood Products

Roof

Composition

Site Features

['Cable TV', 'Deck']

Lot Details

Paved Street, Sidewalk

School District

Bellingham

Financial Information

Total Monthly Income

$2,900

Gross Scheduled Income

$34,800

Vacancy Rate

1

Gross Adjusted Income

$34,452

Annual Taxes

$4,063

Tax Year

2017

Insurance Expense

$1,441

W/S/G Expenses

$2,150

Total Expenses

$7,654

Net Operating Income

$26,798

Cap Rate

4

Approximate Room Dimensions

Unit 1 Beds

4

Unit 1 Baths

1.00

Unit 1 Size

1152

Unit 1 Rent

$1,600

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

304

Unit 2 Rent

$650

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Size

323

Unit 3 Rent

$650

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Listing courtesy of Lakeway Realty, Inc..

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