Bought with Hansen Group Real Estate Inc
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Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,158 sqft
Price per Sqft $277
Subdivision Birch Bay
MLS Listing ID 1887554
Sold Date 06/28/22
Style 55 - 5-9 Units
Year Built 1959
Annual Tax Amount $3,602
Lot Size 8,149 Sqft
Lot Dimensions 80x116x80x127
Property Description
Extensively updated income-generating 8-Plex less than a block from Birch Bay State Park offers easy access to restaurants, breweries, and shops. This renovated and extensively-maintained building has 8 fully rented 1 bed, 1 bath units ranging from 300-495 sq ft. 5.4% cap rate at current below-market rents. Canal access behind property for paddle-boarding, kayaking, or fishing. Property includes on-site coin-opp laundry, 3 storage sheds, and dedicated on-site parking. 4 units come furnished. Zoning is Commercial Motel. Co-Listing agent is a licensed Real Estate Broker in Washington State.
Location
State WA
County Whatcom
Area 880 - Blaine/Birch Bay
Interior
Interior Features Ceramic Tile, Wall to Wall Carpet
Flooring Ceramic Tile, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV
Waterfront Yes
Waterfront Description Bank-Low,Creek
View Y/N Yes
View Canal
Roof Type Flat
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Blaine
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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John Dirgo Deweese
Designated Broker | License ID: 25033
Designated Broker License ID: 25033