1615 James Street, Bellingham, WA 98225
- $775,000
- 3,648
- SqFt
Listing courtesy of Windermere Real Estate Whatcom.
- List Price
- $775,000
- Status
- PENDING
- MLS#
- 2074264
- Price Change
- ▼ $175,000 1692743824
- Days on Market
- 60
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,648
- Area Total SqFt
- 3648
- Annual Tax Ammount
- 7550
- Lot Size (sq ft)
- 9,148
- Sewer
- Sewer Connected
Property Description
Highly desirable 4-plex right in the heart of Bellingham. Easy access to shopping, WWU campus, downtown, and near bus routes. These units are currently under market rent. Rents are scheduled to go up in August 2023 to $1300 per unit. Opportunity to bring rents higher up to current market value. Newer roof and some interior remodeling done in the last 3 years.
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Additional Information
- List Date
- 2023-07-25 17:44:10
- Community
- York
- Net Operating Income
- $49,354
- Gross Adjusted Income
- $61,692
- Gross Scheduled Income
- $63,600
- Total Monthly Income
- $5,300
- Water/Sewer/Garbage Expenses
- $2,160
- Gross Rent Multiplier
- 14.94
- Total Expenses
- $12,338
- Cap Rate
- 5.2
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 1615
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1969
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV
- Other Expenses
- 2628
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Lowell Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $5,300
- Gross Scheduled Income
- $63,600
- Vacancy Rate
- 3
- Gross Adjusted Income
- $61,692
- Tax Year
- 2023
- W/S/G Expenses
- $2,160
- Total Expenses
- $12,338
- Net Operating Income
- $49,354
- Gross Rent Multiplier
- 14.94
- Cap Rate
- 5.2
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