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Listing provided courtesy of Keith Cook, RE/MAX Whatcom County, Inc..
Source NWMLS.
516 Boulevard, Bellingham, WA 98225
5
beds
4
baths
3084
ft2
· 8276
ft2 lot
$888,000
$288 / ft2
3d-v2
3D virtual tour
4 Unit rental Investment Opportunity! Close to Western Washington University where Sehome Hill & South Hill meet at the Armory Building with quick access to the South Bay Trail connecting Fairhaven to Downtown Bellingham. Property consists of 2 Duplexes on one parcel of land zoned for 5 units in total. Total monthly income $4,500 payable as follows: #512 is a Studio @ $800 /mo, #514 2 Bd @ $1,100 /mo, #516 is a [email protected] $800 /mo, #518 3 bd @ $1,800 /mo. The Home located immediately to the South (510 Boulevard) is available at $488K. The Duplex located immediately to the North (520 Boulevard) is available @ $628K. Possible 10 Unit Condo site if all properties purchased. SHOWN BY APPOINTMENT ONLY -PLEASE DO NOT DISTURB THE TENANTS!
HOA
$0/month
On market
2 months
Year built
1910
Property type
54 4 Plex,Multi Family
Parking
2
MLS
1741156
Price / Sq.Ft.
$288 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $888,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$6,660
$4,422
+$166/day
$2,238
Best
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$6,660
- -
$6,660
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Discount Brokerage
$3,064
not offered
$3,064
Average
Traditional Brokerage
$0
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$0
Variable
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Property Details
Interior Features & Layout
Oven Unit 1
Oven Unit 1
Oven Unit 2
Oven Unit 2
Virtual Tour Link
https://www.tourfactory.com/idxr2851365
Heating Details
Forced Air
Refrigerator Unit 1
Refrigerator Unit 1
Flooring
Vinyl, Wall to Wall Carpet
Refrigerator Unit 2
Refrigerator Unit 2
Unit 1 Baths
1.00
Unit 4 Beds
3
Unit 2 Baths
1.00
Unit 3 Baths
1.00
Unit 4 Baths
1.00
Unit 2 Beds
2
Unit 5 Baths
0.00
Unit 6 Baths
0.00
Property, Lot, Community & Exterior Features
Total Units In Building
6
View
Bay
Zoning
Multi-Family, Residential
Lot Features
Cable TV, Deck, High Speed Internet, Outbuildings
Lot Size Source
Tax Records
Mls Prop Type
54 - 4-Plex, Multi-Family
Building Exterior Details
Wood
Zoning Type
City
Style
54 - 4-Plex
Foundation
Concrete Block
Roof
Composition
Lot Details
Alley, Value In Land
Mls Property Type
Multi-Family
Units Below Grade
Units Below Grade
Unit 1 Details
512
Unit 2 Details
514
Unit 3 Details
516
Unit 4 Details
518
Number Stories
2
Utilities & Other Information
Water Source
Public
Power Company
PSE
Sewer Company
City of Bellingham
Energy Source
Electric, Natural Gas
Sewer
Sewer Connected
Water Company
City of Bellingham
Listing Details, Costs & Financing Information
Insurance Expenses
1168
Form 17
Provided
Possession
Sub. Tenant's Rights
Buyer's Agent Commission
2.5
Terms
Cash Out
Net Operating Income
45391
Monthly Rent Unit 1
800
Monthly Rent
4500
Monthly Rent Unit 2
1100
Gross Rent Multiplier
16
Monthly Rent Unit 3
800
Cap Rate
5.10
Monthly Rent Unit 4
1800
Tax Year
2020
Sale Type
MLS
Status
Active
Gross Scheduled Income
54000
Offers
RECEIPT
Taxes
7441
Preliminary Title Ordered
Preliminary Title Ordered
Apn
3802364973790000
School Neighborhood & Directions
Elementary School
Lowell Elem
High School
Sehome High
Directions
Alley entrance, behind Armory Bldg. South on N. Stat St, Right on E. Oak St, Left in Alley - Property will be on your the Right. Park at Armory Bldg.
Middle School
Fairhaven Mid
Details provided by NWMLS and may not match the public record.The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 07, 2021 9:09pm
Neighborhood snapshot
Flyhomes
Washington
Whatcom County
Bellingham
Sehome
33
Properties for sale
6
Median days on market
$383.53
Median sold price/sqft
103.09%
Sold/List %
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Property History
03/30/2021
03/30/2021
NWMLS #1741156
pending
NWMLS #1741156
$888,000
03/18/2021
03/18/2021
NWMLS #1741156
active
NWMLS #1741156
$888,000
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Courtesy of NWMLS
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