Price Reduction - Views
Listing Provided Courtesy Of:
RE/MAX Whatcom County, Inc. and NWMLS
Address
5562 Guide Meridian Bellingham, WA
Price
$ 1,350,000
Property Attributes
  • ID#1765202
  • TypeMulti-Family
  • CountyWHATCOM
  • CityBellingham
  • AreaMeridian
  • NeighborhoodBellingham
  • Zip98226
  • StyleTri-plex
  • Year Built1931
  • Taxes$ 7452
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9952
  • Lot Size1.92 Acres
Listing Provided Courtesy Of:
RE/MAX Whatcom County, Inc. and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Turn key income generating property near a high-traffic road with 20,000+ cars driving daily. This 2 acre Property offers a 5bed 2bath Single Family Home with a garage, 3 large shops separately metered with a total of 8 big deep bays (2 are 45'x70' built in 2004 and 1 built in 2017), a studio with full kitchen & bathroom above one of the shops, and 7 connex style storage containers. All units currently rented with long term tenants who are now on a month-to-month providing rental income expandability! Additional storage containers used by owner can be rented out separately. The shops include office areas, lunch rooms, and restrooms. Ample parking, storage and space here offering Excellent opportunity! Over 6% CAP close to $100k/yr net!

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
4/28/2021 Listed $1,490,000
10/5/2021 10% - $1,350,000

General Features

Amenities Storage
Building Area Units Square Feet
Carport Y/N No
City Bellingham
County Whatcom
Directions I-5 North to Guide Meridian. Exit 256A. North on Guide Meridian to 5562, property on the right past Smith Rd.
Elementary School Buyer To Verify
Exterior Features Metal/Vinyl, Wood, Wood Products
Flooring Hardwood, Vinyl
High School Buyer To Verify
High School District Bellingham
Insurance Expense 3500
Leasable Area 9888
MLS Area 865 - Meridian
Middle/Junior High School Buyer To Verify
Net Operating Income 98188
New Construction No
Possession Closing, Tenant's Rights
Property Style 53 - Tri-plex
Property SubType Multi-Family
Property Type Residential Income
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Septic Tank
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Guide Meridian
Structure Type Triplex
Subdivision Name Bellingham
Tax Annual Amount 7452
Tax Year 2020
Terms Cash Out, Conventional
Total Units 6
Units Below Grade false
Utilities Cable Connected, High Speed Internet, Natural Gas Available, Propane, Septic System, Electricity Available, Propane
View Territorial
Water Company Deer Creek Water Association
Water Sewer Garbage 1860
Year Built 1931

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Living Area Units Square Feet
Power Production Type Electric, Propane
Total Stories 2

Exterior Features

Building Area Total 9952
Foundation Details Block, Poured Concrete, Slab
Irrigation Water Rights Y/N No
Lot Dimensions 194'x408'x194'x408'
Lot Features Value In Land
Lot Size Acres 1.92
Lot Size Square Feet 83635
Lot Size Units Square Feet
Open Parking Y/N No
Parking Features RV Parking
Site Features Cable TV, Gas Available, High Speed Internet, Outbuildings, Propane, RV Parking, Shop
View Y/N Yes
Water Source Community
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98226

Price
AVG $1,000K
$1.35M
Taxes
AVG $5,353
$7,452
Visits
AVG 61
117
Year Built
AVG 1916
1931
Walkscore
AVG 42
16
Data Provided by Walkscore ® not using MLS data