1509 Moore Street, Bellingham, WA 98229

$1,100,000

Listing courtesy of COMPASS. Selling Office: COMPASS.

Sold Price
$1,100,000
List Price
$1,075,000
Status
SOLD
MLS#
1926307
Closing Date
May 31, 2022
Days on Market
4
Style
54 - 4-Plex
Annual Tax Ammount
7008
Lot Size (sq ft)
8,276
Sewer
Sewer Connected

Property Description

Well-maintained 4-plex in the center of town, close to everything! Each unit is 2 bed and 1.5 baths and has their own stackable washer & dryer unit. New investor will reap the benefit of a lot of recent exterior maintenance including brand new siding, windows and doors! In addition, the roof is less than 5 years old. Other recent updates include new water heaters, paint, fixtures and flooring. This building has 6 designated parking spaces and plenty of off-street parking nearby. It’s within walking distance to a bus line, shopping, restaurants and has easy access to I-5. It’s consistently rented with long-term tenants.

Additional Information

List Date
2022-05-27 00:00:00
Community
Puget
Net Operating Income
$50,309
Gross Adjusted Income
$64,200
Gross Scheduled Income
$64,200
Total Monthly Income
$5,350
Insurance Expenses
$1,900
Water/Sewer/Garbage Expenses
$4,983
Gross Rent Multiplier
16.7
Total Expenses
$13,891
Cap Rate
4.7
Total Number of Units
4
Unit Name
1509
Potential Terms
Cash Out, Conventional
Year Built
1980
View
Territorial
Roof
Composition
Site Features
Deck
Energy Source
Electric
School District
Bellingham
Total Monthly Income
$5,350
Gross Scheduled Income
$64,200
Gross Adjusted Income
$64,200
Tax Year
2021
Insurance Expense
$1,900
W/S/G Expenses
$4,983
Total Expenses
$13,891
Net Operating Income
$50,309
Gross Rent Multiplier
16.7
Cap Rate
4.7
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