For Sale
(MLS-listed)
$995,000
1301 Lakeway Bellingham, WA 98225
| Beds: | 15 |
| Baths: | - |
| Sq. Ft.: | 6,160 |
| $/Sq. Ft.: | $162 |
| Lot Size: | - |
| Property Type: | Multi-Family |
| Style: | 5-9 Units |
| Stories: | 2 |
| View(s): | Territorial |
| Year Built: | 1936 |
| Community: | Bellingham |
| County: | Whatcom |
| MLS#: | 29100908 |
| Source: | NWMLS |
| Status: | Active |
| On Redfin: | 136 days |
| Cumulative: | 136 days |
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Prime investment opportunity! Take the rent now & develop later. One 4-plex and 2 homes, all 100% occupied, on approx. 26,938 SF site (3 separate parcels) ready for future development! Located at Civic Field entrance on Lakeway Dr. The property went through a rezone in 7/08 and is approved for a 24,000 + a SF mixed used retail/office/MF building. All plans available to buyer. The permit will expire on Jan. 6,2014, or must be extended by the city of Bellingham. Seller is licensed RE agent in WA.
Flooring Information
- Vinyl Floor
- Wall-to-Wall Carpet
Building Information
- # of Units: 6
- Building Condition: Average
- Wood Products Exterior
- Concrete Block Foundation
- Composition Roof
Unit 1 Information
- # of Bedrooms: 2
- # of Baths: 1
- Sq. Ft.: 800
- Has Range/Oven
- Has Refrigerator
- Monthly Rent: $675
- Unit Number: 101
Unit 4 Information
- # of Bedrooms: 2
- # of Baths: 1
- Sq. Ft.: 800
- Has Range/Oven
- Has Refrigerator
- Has Washer/Dryer
- Monthly Rent: $700
- Unit Number: 201
Lot Information
- Value in Land
- Zoning Jurisdiction: City
- General Zoning Class: Other (See Remarks)
Financial Information
- Assumable
- Conventional
- Annual Taxes: $6,729
- Tax Year: 2009
- Cap Rate (NOI/LP): 4.89
- Gross Rent Multiplier: 16
- Total Monthly Income: $5,395
- Gross Scheduled Income: $64,740
- Gross Adjusted Income: $64,740
- Net Operating Income: $51,392
- Insurance Expenses: $3,000
- Water/Sewer/Garbage Expenses: $3,600
- Total Expenses: $13,329
- Total Expenses: $13,329
Heating & Cooling
- Baseboard Heat
Parking Information
- # of Parking Spaces (Total): 10
- # of Uncovered Spaces: 10
Unit 2 Information
- # of Bedrooms: 2
- # of Baths: 1
- Sq. Ft.: 800
- Has Range/Oven
- Has Refrigerator
- Has Washer/Dryer
- Monthly Rent: $675
- Unit Number: 102
Unit 5 Information
- # of Bedrooms: 2
- # of Baths: 1
- Sq. Ft.: 1024
- Has Range/Oven
- Has Refrigerator
- Monthly Rent: $895
- Unit Number: 1311
Location Information
- Map Book: Totem Atlas Guide
- Bellingham
School Information
- School District: Bellingham
Utility Information
- Energy Source: Electric
- Public Water Source
- Sewer Connected
- Power Company: PSE
- Water Company: City of Bellingham
- Sewer Company: City of Bellingham
Property Features
- Basement
- Coin Operated Laundry
- Storage
Unit 3 Information
- # of Bedrooms: 2
- # of Baths: 1
- Sq. Ft.: 800
- Has Range/Oven
- Has Refrigerator
- Has Washer/Dryer
- Monthly Rent: $700
- Unit Number: 201
Unit 6 Information
- # of Bedrooms: 5
- # of Baths: 2
- Sq. Ft.: 1024
- Has Range/Oven
- Has Refrigerator
- Monthly Rent: $1,750
- Unit Number: 1315
Property Information
- Tax ID #: 380332155524
Listing last changed
November 2, 2009, 9:05 AM
Overhead View of 1301 Lakeway, Bellingham, WA 98225
Sites Linking to 1301 Lakeway
Property History for 1301 Lakeway
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Nov 02, 2009 | Price Changed | $995,000 | -- | NWMLS #29100908 |
| Jul 14, 2009 | Listed | $1,050,000 | -- | NWMLS #29100908 |
| Feb 28, 2006 | Sold (Public Records) | $525,000 | -- | Public Records |
Public Facts for 1301 Lakeway
| Beds: | - |
| Baths: | - |
| Finished Sqft: | - |
| Unfinished Sqft: | - |
| Total Sqft: | - |
| Floors: | - |
| Lot Size: | 9,147 |
| Style: | Multi-Family (2-4 Unit) |
| Year Built: | - |
| Year Renovated: | - |
| County: | Whatcom County |
| APN: | 3803321555240000 |
| Last Updated: | November 16, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $180,000 |
| Additions | $170,640 |
| Total | $350,640 |
| Tax (2009) | $3,161 |
Home Value Estimates for 1301 Lakeway
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