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Rachael Wilson & Associates

Rachael Wilson & Associates
RE/MAX Whatcom County, Inc.
Bellingham, WA 98229

360-319-2234
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Listing 9 out of 9
$1,100,000 Pending

1505 Moore St
Bellingham, WA 98229

6 units | Multi Family Home
10454 sq ft lot - MLS# 1324758 Courtesy of Muljat Group
Property Photo
1/5

Description

Solid investment, 6 unit multi-family building for sale with historically low vacancies and potential rental upside! Some recent interior/exterior upgrades including a new roof in 2017 as well as new gutters this year. Five of the six units have been remodeled and have all appliances and washer/ dryers. Take advantage of the rental market and own a great investment opportunity in Bellingham!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Whatcom County
  • Zip Code: 98229
  • Year Built: 1980
  • School District: Bellingham
  • Sq.Ft.: 5,215 sq ft
  • Units: 6 units
  • # of Parking Spaces: 14
  • Lot Size: 10454 sq ft lot
  • Area: Bellingham
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Bedrooms Unit 6: 2
  • Building Condition: Good
  • Cap Rate - NOI div LP: 5.61
  • Energy Source(heat): Electric
  • Exterior: Wood Products
  • Foundation: Concrete Block
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $80782
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $83280
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $1147
  • Net Operating Income: $61677
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 14
  • Other Expenses: $6319
  • Rent Unit 1: $1150
  • Rent Unit 2: $1195
  • Rent Unit 3: $1200
  • Rent Unit 4: $1050
  • Rent Unit 5: $1150
  • Rent Unit 6: $1195
  • Roof: Composition
  • Square Feet Unit 1: 877
  • Square Feet Unit 2: 877
  • Square Feet Unit 3: 877
  • Square Feet Unit 4: 877
  • Square Feet Unit 5: 877
  • Square Feet Unit 6: 877
  • Total Expenses: $19070, $19070
  • Total Monthly Income: $6940
  • Vacancy Rate: 3
  • Water/Sewer/Garbage: 6400
Courtesy of Muljat Group
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-08-19

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Rachael Wilson & Associates

Rachael Wilson & Associates 
RE/MAX Whatcom County, Inc. 
913 Lakeway Drive
Bellingham, WA 98229
360-319-2234

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