2603 Elm St. Bellingham, WA 98225
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.
Gross Scheduled Income: $87,060
Property Tax: $6,677
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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