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Listing 13 out of 27
Sold for $950,000 Sold

309 S State St
Bellingham, WA 98225

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

Sold

Sold for $950,000 on Jan 30, 2019

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: Sold
  • Listing Price: $1,050,000
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1973
  • School District: Bellingham
  • Sq.Ft.: 2,156 sq ft
  • Stories: Duplex
  • 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
  • Cap Rate - NOI div LP: 3.00
  • 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
  • Selling Agent: Heather Othmer
  • Selling Office: Windermere Real Estate Whatcom
  • 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
  • Sold Date: 2019-01-30 00:00:00
  • Sold Price: 950000.00
Courtesy of Coldwell Banker Bain
©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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