2300 G Street, Bellingham, WA 98225

$775,000
1,940
SqFt

Listing courtesy of Muljat Group.

List Price
$775,000
Status
PENDING
MLS#
2197152
Days on Market
15
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
1,940
Area Total SqFt
1940
Annual Tax Ammount
5337
Internet Provider
Xfinity
Lot Size (sq ft)
4,792
Sewer
Sewer Connected
Offer Review Date
2024-02-11

Property Description

A fabulous craftsman apartment triplex on a corner lot in the desirable lettered streets neighborhood. Some updates required in the main house but has a great feel. The house consists of 2 units; Unit 1 has 4 beds, 2 baths, bright living room/dining area leading to a spacious kitchen and laundry room. Unit 2 has 1 studio bed with attached bath, and kitchen area available. Unit 3 is a separate building with an incomplete recent renovation. It is presently configured with first floor kitchen, stack washer/dryer and living area. Stairs lead to bed, bath and storage closet. Single garage can be fire-walled and used for a small car or storage. Fully fenced back yard. There is off-street parking for 6 cars on this large lot. New roofs Feb '24.

Additional Information

List Date
2024-02-18 18:13:11
Community
Bellingham
Net Operating Income
$34,290
Gross Adjusted Income
$45,000
Gross Scheduled Income
$45,000
Total Monthly Income
$3,750
Insurance Expenses
$1,391
Water/Sewer/Garbage Expenses
$800
Gross Rent Multiplier
17.22
Total Expenses
$10,710
Cap Rate
4.4
Total Number of Units
3
Unit Name
2300
Potential Terms
Cash Out, Conventional
Year Built
1908
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Fully, High Speed Internet, Outbuildings
Electric Expenses
284
Other Expenses
2877
Energy Source
Natural Gas
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Whatcom Mid
High School
Bellingham High
Total Monthly Income
$3,750
Gross Scheduled Income
$45,000
Gross Adjusted Income
$45,000
Tax Year
2023
Insurance Expense
$1,391
W/S/G Expenses
$800
Total Expenses
$10,710
Net Operating Income
$34,290
Gross Rent Multiplier
17.22
Cap Rate
4.4
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