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540 2nd Street , A

Sumas, WA 98295
  • $500,000
  • STATUS: Pending
  • ON SITE: 100 Days
  • ID#: 2012208
Under Contract
$500,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,164
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

School District:
Northwest MLS logoListing Courtesy of Compass: 360-233-5033.


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!

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Northwest Home Team Realty, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-05T00:14:28.053. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-02-05T00:14:28.053. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.mynwhometeam.com/homes/134319817
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540 2nd Street , A Sumas, WA 98295

  • Price: $500,000
  • Status: Pending
  • On Site: 100 Days
  • ID#: 2012208
0
Beds
0
Baths
0
½ Baths
0.2
Acres
3,164
SQFT
$158
$/SQFT
1979
Built
Neighborhood:
Sumas
County:
Whatcom
Area:
Nooksack Valley
School District:
Nooksack Valley
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!
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Metal/VinylWood Products Open Parking Spaces 8 Open Parking YN Yes Parking Total 8 Parking Uncovered Spaces 8 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View Mountain(S)Territorial View YN Yes Waterfront YN No

Interior Features

Building Area Total 3164 Fireplace YN No Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 58 Energy Source Electric FIRPTAYN No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalFhaUsda LoanVa Loan Net Operating Income 37462 New Construction YN No Possession Closing Power Company City Of Sumas Power Production Type Electric Property Sub Type Multi-Family Senior Community YN No Sewer Sewer Connected Sewer Company City Of Sumas Special Listing Conditions None Tax Annual Amount 4599 Tax Year 2022 Units In Building Total 4 Water Company City Of Sumas Water Source Public

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Northwest Home Team Realty, LLC and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Northwest Home Team Realty, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-05T00:14:28.053. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-02-05T00:14:28.053. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Northwest Home Team Realty, LLC
111 Tumwater Blvd SE, Ste A109
Tumwater WA, 98501
Northwest MLS logoListing Courtesy of Compass: 360-233-5033.