Blake & DeLisa Boatman

Blake & DeLisa Boatman
RE/MAX Gateway
RE/MAX Whatcom County, Inc.
Bellingham, WA 98229

360-319-6576
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Listing 3 out of 389
$1,050,000 For Sale

2603 Elm St
Bellingham, WA 98225

9 units | Multi Family Home
4356 sq ft lot - MLS# 1206005 Courtesy of RE/MAX Whatcom County, Inc.
Property Photo
1/25

Description

Columbia/Fountain District Historic 9 Unit Apartment Building. Upgraded and well maintained. Rarely a vacancy. Gross Scheduled Income of $87,060 per year. Buyer of this building will have First opportunity to purchase the adjacent 2 bedroom rental with a 800 SQFT shop building and basement laundry room with a low-down payment Owners Contract.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $1,050,000
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1925
  • Subdivision/Neighborhood: North Street Add
  • School District: Bellingham
  • Elementary School: Columbia Elem
  • Middle School: Whatcom Mid
  • High School: Bellingham High
  • Sq.Ft.: 6,474 sq ft
  • Units: 9 units
  • # of Parking Spaces: 2
  • Acres: 4356 sq ft lot
  • Area: Columbia
  • 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: 1
  • Bedrooms Unit 3: 1
  • Bedrooms Unit 6: 1
  • Electrical Expenses: $1251
  • Energy Source(heat): Natural Gas
  • Exterior: Brick
  • Floor Covering: Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $84883
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $87060
  • Heating Expenses: $3563
  • Heating/Cooling: Radiator
  • Insurance Expenses: $4600
  • Lot Details: Corner Lot, Paved Street, Sidewalk
  • Net Operating Income: $54559
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 2
  • Other Expenses: $7053
  • Power Company: Pse
  • Rent Unit 1: $850
  • Rent Unit 2: $780
  • Rent Unit 3: $800
  • Rent Unit 4: $750
  • Rent Unit 5: $750
  • Rent Unit 6: $800
  • Roof: See Remarks
  • Sewer Company: Bellingham
  • Total Expenses: $32501, $32501
  • Total Monthly Income: $7255
  • Vacancy Rate: 3
  • Water Company: Bellingham
  • Water Source: Public
  • Water/Sewer/Garbage: 9357
  • Sold Date: 1800-01-01 00:00:00
Courtesy of RE/MAX Whatcom County, Inc.

Blake and DeLisa Boatman *  360-319-6576 or 360-739-2623


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