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Listing 13 out of 27
$1,050,000 For Sale

309 S State St
Bellingham, WA 98225

2 units | Multi Family Home
8712 sq ft - MLS# 1337086 Courtesy of Coldwell Banker Bain
Property Photo
1/25

Description

Great investment duplex property in highly coveted South Hill with amazing ocean views. This is the second time this property has been available since 1973! Potential to live in one unit beginning in November and rent the other unit. This property also has great development potential, have steady rental income while you are planning a new build. The property has been impeccably maintained and each 2BR/1.5 BA unit features high end finishes and large ocean facing decks. A must see!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1973
  • School District: Bellingham
  • Sq.Ft.: 2,156 sq ft
  • Units: 2 units
  • # of Parking Spaces: 6
  • Lot Size: 8712 sq ft
  • View: Bay, Ocean
  • Area: South Hill
  • Approved Number of Bedrooms: 4
  • Area Number: 860
  • Bathrooms Unit 1: 1.50
  • Bathrooms Unit 2: 1.50
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Building Condition: Remodeled
  • Energy Source(heat): Electric, Natural Gas
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $45000
  • Gross Rent Multiplier: $26
  • Gross Scheduled Income: $45000
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $1400
  • Lot Details: Paved Street, Sidewalk
  • Net Operating Income: $35529
  • Number of Carport Spaces: 2
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 2
  • Power Company: Pse
  • Rent Unit 1: $1800
  • Rent Unit 2: $1950
  • Roof: Composition
  • Sewer Company: City Of Bellingham
  • Square Feet Unit 1: 1100
  • Square Feet Unit 2: 1100
  • Total Expenses: $9471, $9471
  • Total Monthly Income: $3750
  • Vacancy Rate: 1
  • Water Company: City Of Bellingham
  • Water Source: Public
  • Water/Sewer/Garbage: 2340
Courtesy of Coldwell Banker Bain

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