Bought with Keller Williams Western Realty
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Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,164 sqft
Price per Sqft $150
Subdivision Sumas
MLS Listing ID 2012208
Sold Date 03/02/23
Style 54 - 4-Plex
Year Built 1979
Annual Tax Amount $4,599
Lot Size 8,868 Sqft
Property Description
One of the best CAP rates in Whatcom County at 7.2%! Recently renovated 4-plex on quiet dead-end street in Sumas. Minutes to the US/Canadian border. Current owner has updated interiors of bottom two units with brand new everything, currently rented to reliable tenants. Two story building with four, two bedroom, one bath units. Washer and Dryer in each unit. Great location and a great addition to an investment portfolio. GSI is $44,400 a year with room for improvement. Bottom units rented for $1,100 & $1,050 a month and top units for $800 & $750 a month!
Location
State WA
County Whatcom
Area 890 - Nooksack Valley
Interior
Fireplace No
Exterior
Exterior Feature Metal/Vinyl, Wood Products
Waterfront No
View Y/N Yes
View Mountain(s), Territorial
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Nooksack Valley
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash Out, Conventional, FHA, USDA Loan, VA Loan
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