8226 Birch Bay Dr

Birch Bay, WA 98230

Status

ACTIVE

MLS#

1291928

List Price

$1,020,000

Days on Market

71

Style

55 - 5-9 Units

Building Condition

['Good']

Lot Size (sq ft)

52,272

Property Description

Own your own resort on the beach in Birch Bay on the water. Featuring Main waterfront view home & 4 rental cottages (approx 400 SF per unit. Sleeps 3 to 5). Panoramic water views. Private beach with deeded tidelands. Cottages are currently rented full time. Charming setting, Main House estimate: $2000 to $2200 per month (Lease), or $1850 to $2200 weekly (Vacation). Cottages:Currently renting at $850 per month-per cottage (Lease), or $3200 to $3400 per month-per cottage(Vacation nightly/weekly).

Property Details

List Date

2018-05-11 00:00:00

Community

Birch Bay

Property Type

MULT

Units

5

Stories

2

Additional Information

Potential Terms

Cash Out, Farm Home Loan

Year Built

1952

Total Parking

12

Uncovered Parking

12

Waterfront

Yes

View

Bay, Mountain, Sound

Exterior

Wood

Roof

Flat

Site Features

['Cable TV', 'Deck', 'Fenced-Partially', 'Gas Available', 'High Speed Internet', 'Outbuildings', 'Propane', 'RV Parking']

Lot Details

Paved Street

School District

Blaine

Elementary School

Blaine Elem

Middle School

Blaine Mid

High School

Blaine High

Financial Information

Total Monthly Income

$5,400

Gross Scheduled Income

$64,800

Vacancy Rate

95

Gross Adjusted Income

$61,560

Annual Taxes

$5,055

Tax Year

2017

Insurance Expense

$1,492

W/S/G Expenses

$1,601

Total Expenses

$12,676

Net Operating Income

$48,884

Gross Rent Multiplier

16

Cap Rate

5

Approximate Room Dimensions

Unit 1 Beds

3

Unit 1 Baths

2.50

Unit 1 Size

2107

Unit 1 Rent

$2,000

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

400

Unit 2 Rent

$850

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Size

400

Unit 3 Rent

$850

Unit 4 Beds

1

Unit 4 Baths

1.00

Unit 4 Size

400

Unit 4 Rent

$850

Unit 5 Beds

1

Unit 5 Baths

1.00

Unit 5 Size

400

Unit 5 Rent

$850

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Listing courtesy of Windermere Real Estate Whatcom.

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