260 15th Street, Blaine, WA 98230

$1,100,000
3,896
SqFt

Listing courtesy of HomeSmart One Realty.

List Price
$1,100,000
Status
PENDING
MLS#
2075890
Price Change
▼ $99,000 1693037195
Days on Market
280
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,896
Area Total SqFt
3896
Annual Tax Ammount
6666
Internet Provider
Xfinity
Lot Size (sq ft)
34,848
Sewer
Sewer Connected

Property Description

Attention Investors! First time on the market since 2005- fourplex and additional multi-family lot all for one price. This well-maintained fourplex is in an established neighborhood close to schools and shopping. Each unit offers 2 bedrooms and 1.75 bath with a fireplace. The units also have their own assigned carport with adjacent separate storage. The two bottom units have spacious patios and partially fenced yards. The upstairs units each have a deck. This fourplex includes an adjoining lot zoned for either a duplex or triplex with utilities to the lot.

Additional Information

List Date
2023-06-21 18:51:10
Community
Blaine
Net Operating Income
$47,288
Gross Adjusted Income
$62,400
Gross Scheduled Income
$62,400
Total Monthly Income
$5,200
Insurance Expenses
$1,590
Water/Sewer/Garbage Expenses
$6,600
Gross Rent Multiplier
17.6
Total Expenses
$15,112
Cap Rate
4.2
Vacancy Rate
2
Total Number of Units
4
Unit Name
260
Potential Terms
Cash Out, Conventional
Year Built
2004
Roof
Composition
Site Features
Fenced-Partially, High Speed Internet
Electric Expenses
100
Other Expenses
156
Energy Source
Electric, Propane
School District
Blaine
Elementary School
Blaine Elem
Middle School
Blaine Mid
High School
Blaine High
Total Monthly Income
$5,200
Gross Scheduled Income
$62,400
Vacancy Rate
2
Gross Adjusted Income
$62,400
Tax Year
2023
Insurance Expense
$1,590
W/S/G Expenses
$6,600
Total Expenses
$15,112
Net Operating Income
$47,288
Gross Rent Multiplier
17.6
Cap Rate
4.2
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