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Wm. T. Follis, LLC, Realtors
Bellingham, WA 98225
Phone: 360-734-5850
info@follisrealtors.com

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Listing 93 out of 236
Sold for $950,000 Sold

309 S State St
Bellingham, WA 98225

2 units | Multi Family Home
8712 sq ft - MLS# 1337086 Courtesy of Coldwell Banker Bain
Property Photo

Sold

Sold for $950,000 on Jan 30, 2019

Description

Great investment duplex property in highly coveted South Hill with amazing ocean views. This is the second time this property has been available since 1973! Potential to live in one unit beginning in November and rent the other unit. This property also has great development potential, have steady rental income while you are planning a new build. The property has been impeccably maintained and each 2BR/1.5 BA unit features high end finishes and large ocean facing decks. A must see!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $1,050,000
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1973
  • School District: Bellingham
  • Sq.Ft.: 2,156 sq ft
  • Stories: Duplex
  • Units: 2 units
  • # of Parking Spaces: 6
  • Lot Size: 8712 sq ft
  • View: Bay, Ocean
  • Area: South Hill
  • Approved Number of Bedrooms: 4
  • Area Number: 860
  • Bathrooms Unit 1: 1.50
  • Bathrooms Unit 2: 1.50
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Building Condition: Remodeled
  • Cap Rate - NOI div LP: 3.00
  • Energy Source(heat): Electric, Natural Gas
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $45000
  • Gross Rent Multiplier: $26
  • Gross Scheduled Income: $45000
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $1400
  • Lot Details: Paved Street, Sidewalk
  • Net Operating Income: $35529
  • Number of Carport Spaces: 2
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 2
  • Power Company: Pse
  • Rent Unit 1: $1800
  • Rent Unit 2: $1950
  • Roof: Composition
  • Selling Agent: Heather Othmer
  • Selling Office: Windermere Real Estate Whatcom
  • Sewer Company: City Of Bellingham
  • Square Feet Unit 1: 1100
  • Square Feet Unit 2: 1100
  • Total Expenses: $9471, $9471
  • Total Monthly Income: $3750
  • Vacancy Rate: 1
  • Water Company: City Of Bellingham
  • Water Source: Public
  • Water/Sewer/Garbage: 2340
  • Sold Date: 2019-01-30 00:00:00
  • Sold Price: 950000.00
Courtesy of Coldwell Banker Bain
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than Wm. T. Follis, LLC, Realtors are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-04-21

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Testimonials

Jeff, just a note to thank you for taking care of the bees and my refrigerator. Sincerely Barbara
Jeff, you have been the most professional property manager I have worked with during the past 25+ years.  Constance
Jeff, thank you for all that you do managing our rentals! Jack
Jeff, I am sure glad you are taking care of our condo. John
Dear Kerry, Thanks for all your help and concern during the “from hell” house transactions! I also appreciate your contribution (reduced commission). It allowed me to get into this house. It’s nice to be settled and away from that isolated spot, which was great living there but terrible, alone. Merry Christmas Vicki
Thank you to Bruce Boyle for making my house selling experience so positive. Bruce went the extra mile on several occasions to assure my total satisfaction at each turn. I was kept informed of every development and included in every decision. Documents were made available for review and signature online and in person. He even stayed in the office during a blizzard to accommodate my availability to drop off paperwork and complete the numerous forms. Bruce was professional, helpful and thorough. There were no surprises and the sale closed on time at the full price. My thanks again to Bruce Boyle and the entire team at Follis Realtors. Sincerely, Dave
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