1153 Franklin St

Bellingham, WA 98225

Status

ACTIVE

MLS#

1330532

List Price

$750,000

Days on Market

28

Style

54 - 4-Plex

Building Condition

['Very Good']

Finished SqFt

3,000

Lot Size (sq ft)

4,356

Property Description

This Grand Dame of York is a 4-Plex. In demand in this rental market because of its central location and its features: hardwood floors, gas fireplace, views of Mount Baker and the Bay, it is well maintained, continually upgraded, including new windows, new coin op washer/dryer, some new appliances and newer roof. 1st unit is a detached cottage. 2nd is a 1 bedroom, 3rd is a 2 bedroom, and 4th is a 1 bed which has second area for living or make a 2nd bedroom.

Property Details

List Date

2018-07-20 00:00:00

Community

York

Property Type

MULT

Units

4

Stories

3

Additional Information

Potential Terms

Cash Out, Conventional, USDA, VA

Year Built

1915

Total Parking

4

Uncovered Parking

4

View

Bay, Mountain

Exterior

Wood

Roof

Composition

Site Features

['Deck', 'High Speed Internet', 'Outbuildings']

Lot Details

Alley, Curbs, Paved Street, Sidewalk

School District

Bellingham

Financial Information

Total Monthly Income

$3,430

Gross Scheduled Income

$40,200

Gross Adjusted Income

$34,618

Annual Taxes

$3,262

Tax Year

2017

Insurance Expense

$923

W/S/G Expenses

$1,200

Total Expenses

$5,582

Net Operating Income

$34,618

Cap Rate

4

Approximate Room Dimensions

Unit 1 Beds

1

Unit 1 Baths

1.00

Unit 1 Rent

$695

Unit 2 Beds

2

Unit 2 Baths

1.00

Unit 2 Rent

$965

Unit 3 Beds

1

Unit 3 Baths

1.00

Unit 3 Rent

$840

Unit 4 Beds

1

Unit 4 Baths

1.00

Unit 4 Rent

$850

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Listing courtesy of Bellwether Real Estate.

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