2603 Elm St. Bellingham, WA 98225

$1,050,000

  

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, available with a low-down payment Owners Contract.

MLS# 1206005

Finances

Gross Scheduled Income: $87,060

Property Tax: $6,677

Insurance: $4,600

Water/Sewer: $7,883

Garbage: $1,474

Gas: $3,563

Electric: $1,251

Maintenance $25/Unit/Month: $2,700*

Property Management 2.5%: $2,176*

Vacancy 2.5%: $2,177*

Total Expenses: $32,501

Net Operating Income: $54,599

* indicates estimated expenses

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