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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,054 sqft
Price per Sqft $341
Subdivision Birch Bay
MLS Listing ID 1760246
Sold Date 06/11/21
Style 52 - Duplex
Year Built 1967
Annual Tax Amount $1,909
Lot Size 3,484 Sqft
Property Description
Cottage style duplex by the beach! Walking distance from Birch Bay on a quiet street, these nice units make a great investment, OR ideal for live-in one and let other unit pay most of your mortgage. Features private decks, shared washer/dryer (easy ability to add a 2nd private set), shared backyard & garden shed. Open & functional layouts. Well maintained building with recent work done that includes crawl space work, fresh exterior paint, plus 4 new vinyl windows (2 still being install prior to closing). Current cap rate of 5.2% with rents well below market (upside of 6-7% cap rate at market). One long term renter and 2nd unit will be vacant soon to bring in new renter or move right in!
Location
State WA
County Whatcom
Area 880 - Blaine/Birch Bay
Interior
Interior Features Forced Air
Flooring Vinyl
Fireplace No
Exterior
Exterior Feature Wood
Utilities Available High Speed Internet, Sewer Connected, Electric, Propane
Amenities Available Deck, Fenced-Partially, High Speed Internet, Outbuildings
Waterfront No
View Y/N No
Roof Type Flat
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Middle Schools Blaine Mid
High Schools Blaine High
School District Blaine
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, State Bond, USDA Loan, VA Loan
Listing Terms Cash Out, Conventional, FHA, State Bond, USDA Loan, VA Loan
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