Bought with Bellingham Real Estate Company
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Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,736 sqft
Price per Sqft $354
Subdivision South Hill
MLS Listing ID 2196004
Sold Date 03/25/24
Style 53 - Tri-plex
Year Built 1930
Annual Tax Amount $9,982
Lot Size 6,098 Sqft
Lot Dimensions 50 X 125
Property Description
Charming 1930 Salish Sea-view triplex at the apex of South Hill, WWU, and DT Bellingham. Rare vintage building has been updated from stem to stern, impeccably maintained, and enjoys a near zero vacancy rental history. Unit A has 4 beds, 1 bath, covered porch, large living & dining & bay views. Unit B has 4 beds, 1.5 baths, living, dining, and views. Unit C is a roomy 1 bed, 1 bath that attracts long-term renters. 4.68% cap rate is based rents that have not been raised for over 3 years so a modest increase will yield a 5.16% cap. New roof, new washer/dryer in shared laundry, fresh paint between rentals, easy-care landscaping. Renters love the 7 pkg spots off the alley and access to campus, downtown & Fairhaven.Courtesy seller pre-inspection.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
View Y/N Yes
View Bay, Mountain(s), Sea, See Remarks, Sound, Territorial
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Lowell Elem
Middle Schools Fairhaven Mid
High Schools Sehome High
School District Bellingham
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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