Bought with Fairhaven Realty br of Lakeway
$620,000
$650,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
2,020 SqFt
SOLD DATE : 12/21/2021
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,020 sqft
Price per Sqft $306
Subdivision Sunnyland
MLS Listing ID 1863541
Sold Date 12/21/21
Style 53 - Tri-plex
Year Built 1900
Annual Tax Amount $4,468
Lot Size 4,792 Sqft
Property Description
Commercial Tri-Plex, great location! Excellent cash flow even through the pandemic. Strong nearly 6% cap rate. Building renovated in 2019. Upgrades include flooring, cabinets, insulation, plumbing, electrical, paint & more. Layout includes 3 separate units, each with bathrooms and kitchenettes. ADA accessible off street parking and behind building and on street parking in front. Easy access downtown Bellingham, very close to Kulshan Brewery, Trader Joes, Hardware Sales. And Starbucks and Woods Coffee are your neighbors. Ideal buyer has cash or is capable of qualifying for a commercial loan. Low maintains property.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Utilities Available High Speed Internet, Natural Gas Available, Sewer Connected, Electric
Amenities Available Fenced-Fully, Gas Available, High Speed Internet
Waterfront No
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Bellingham
Others
Senior Community No
Acceptable Financing Cash Out, See Remarks
Listing Terms Cash Out, See Remarks
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