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Listing 20 out of 27
$685,000 Pending

1153 Franklin St
Bellingham, WA 98225

4 units | Multi Family Home
4356 sq ft - MLS# 1330532 Courtesy of Bellwether Real Estate
Property Photo
1/25

Description

MAJOR RENOVATIONS COMPLETE: new plumbing, new bathrooms, new electrical, new drywall, new flooring, and 2 new leases with increased rent: this Grand Dame of York 4-Plex is a hot deal. 7% cap rate, more room for rent increases, it features: location, spacious units, gas fireplaces, views of Mount Baker and the Bay. On top of the recent extensive renovation, this building also features new windows, hardwood floors, new coin op washer/dryer, many new appliances and newer roof.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1915
  • School District: Bellingham
  • Sq.Ft.: 3,000 sq ft
  • Units: 4 units
  • # of Parking Spaces: 4
  • Lot Size: 4356 sq ft
  • View: Bay, Mountain
  • Area: York
  • Amenities: Coin Op Laundry, Thermal Windows
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bedrooms Unit 1: 1
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 4: 1
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 7.00
  • Electrical Expenses: $300
  • Energy Source(heat): Electric, Natural Gas
  • Floor Covering: Hardwood, Vinyl
  • Foundation: Poured Concrete
  • Gross Adjusted Income: $54000
  • Gross Scheduled Income: $54000
  • Heating/Cooling: Baseboard, Stove/Free Standing
  • Insurance Expenses: $923
  • Lot Details: Alley, Curbs, Paved Street, Sidewalk
  • Net Operating Income: $448418
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 4
  • Other Expenses: $480
  • Power Company: Pse
  • Rent Unit 1: $950
  • Rent Unit 2: $1350
  • Rent Unit 3: $1200
  • Rent Unit 4: $1000
  • Roof: Composition
  • Sewer Company: Bellingham
  • Site Features: Deck, High Speed Internet, Outbuildings
  • Total Expenses: $5582, $5582
  • Total Monthly Income: $4500
  • Water Company: Bellingham
  • Water Source: Public
  • Water/Sewer/Garbage: 1200
Courtesy of Bellwether Real Estate
©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 2019-05-25

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