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Sold for $1,125,000 Sold

2603 Elm St
Bellingham, WA 98225

9 units | Multi Family Home
4356 sq ft lot - MLS# 1206005
Property Photo

Sold

Sold for $1,125,000 on Jan 30, 2018

Description

Columbia/Fountain District Historic 9 Unit Apartment Building. Upgraded and well maintained. Rarely a vacancy. Gross Scheduled Income of $87,060 per year. Buyer of this building will have First opportunity to purchase the adjacent 2 bedroom rental with a 800 SQFT shop building and basement laundry room with a low-down payment Owners Contract.

Features

  • # of Parking Spaces: 2
  • Area: Columbia
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 6: 1
  • County/Area: Whatcom County
  • Electrical Expenses: $1251
  • Elementary School: Columbia Elem
  • Energy Source(heat): Natural Gas
  • Exterior: Brick
  • Floor Covering: Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $84883
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $87060
  • Heating Expenses: $3563
  • Heating/Cooling: Radiator
  • High School: Bellingham High
  • Insurance Expenses: $4600
  • Listing Status: Sold
  • Lot Details: Corner Lot, Paved Street, Sidewalk
  • Lot Size: 0.1000
  • Middle School: Whatcom Mid
  • Net Operating Income: $54559
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 2
  • Other Expenses: $7053
  • Parking Spaces: 2
  • Power Company: Pse
  • Property Type: Multi Family Home
  • Rent Unit 1: $850
  • Rent Unit 2: $780
  • Rent Unit 3: $800
  • Rent Unit 4: $750
  • Rent Unit 5: $750
  • Rent Unit 6: $800
  • Roof: See Remarks
  • School District: Bellingham
  • Selling Agent: Keith Cook
  • Selling Office: RE/MAX Whatcom County, Inc.
  • Sewer Company: Bellingham
  • Sold Date: 2018-01-30 00:00:00
  • Sold Price: 1125000.00
  • Sq.Ft.: 6474
  • Sub Type: Multi Family Home
  • Subdivision: North Street Add
  • Subdivision/Neighborhood: North Street Add
  • Total Expenses: $32501, $32501
  • Total Monthly Income: $7255
  • Units: 9
  • Vacancy Rate: 3
  • Water Company: Bellingham
  • Water Source: Public
  • Water/Sewer/Garbage: 9357
  • Year Built: 1925
  • Zip Code: 98225
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-07-16

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