2203 B St

Bellingham, WA 98225

Status

PENDING

MLS#

1303612

List Price

$533,000

Price Change

▼ $66,000 1529384510

Days on Market

41

Style

54 - 4-Plex

Building Condition

['Fair']

Finished SqFt

3,902

Lot Size (sq ft)

10,019

Property Description

Classic fourplex in Bellingham's historic Lettered Streets neighborhood. Popular location is within easy walking and biking distance to parks, schools, and all downtown amenities. All units are approx 975 sq ft with 1 bedroom and 1 bath, living room, and large dining rooms with charming built-in sideboards and bay windows. Covered porches and balconies on front and back of building. Back yard area could be turned into off-street parking. Great upside potential for someone looking for a project.

Property Details

List Date

2018-06-01 00:00:00

Community

Lettered Streets

Property Type

MULT

Units

4

Stories

2

Additional Information

Potential Terms

Cash Out, Conventional

Year Built

1915

Exterior

Metal/Vinyl

Roof

Composition, Flat, Torch Down

Site Features

['Cable TV', 'Deck']

Lot Details

Corner Lot, Curbs, Paved Street, Sidewalk

School District

Bellingham

Elementary School

Parkview Elem

Middle School

Whatcom Mid

High School

Bellingham High

Financial Information

Gross Scheduled Income

$36,000

Gross Adjusted Income

$36,000

Annual Taxes

$5,204

Tax Year

2018

Insurance Expense

$2,348

W/S/G Expenses

$1,612

Total Expenses

$9,164

Net Operating Income

$26,836

Gross Rent Multiplier

15

Cap Rate

5

Approximate Room Dimensions

Unit 1 Beds

1

Unit 1 Baths

1.00

Unit 1 Size

975

Unit 1 Rent

$725

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

975

Unit 2 Rent

$850

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Size

975

Unit 3 Rent

$675

Unit 4 Beds

1

Unit 4 Baths

1.00

Unit 4 Size

975

Unit 4 Rent

$750

property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image property image

Listing courtesy of Muljat Group.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.