RE/MAX Whatcom County, Inc
Chris Smithson
360-510-4743360-510-4743

RE/MAX Whatcom County, Inc
The Rick Moore Group

8226 Birch Bay Dr, Birch Bay, WA 98230 (MLS # 1291928)

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Listing provided by Windermere Real Estate Whatcom

PRICE $985,000
BEDS 7
BATHS 7 baths
HOME SIZE n/a
LOT SIZE 1.20 ac

Own your own resort on the beach in Birch Bay on the water. Featuring Main waterfront view home & 4 rental cottages (approx 400 SF per unit. Sleeps 3 to 5). Panoramic water views. Private beach with deeded tidelands. Cottages are currently rented full time. Charming setting, Main House estimate: $2000 to $2200 per month (Lease), or $1850 to $2200 weekly (Vacation). Cottages:Currently renting at $850 per month-per cottage (Lease), or $3200 to $3400 per month-per cottage(Vacation nightly/weekly).

DAYS ON MARKET 247 LAST UPDATED 8/15/2018
YEAR BUILT 1952 COMMUNITY Birch Bay
COUNTY Whatcom STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Blaine
Elementary School Blaine Elem
Jr. High School Blaine Mid
High School Blaine High

PRICE HISTORY
Prior to Aug 15, '18 $1,020,000
Aug 15, '18 - Today $985,000


ADDITIONAL DETAILS
AMENITIES Storage
ANNUAL TAXES 5055
APN 4051242121540000
AREA 880 - Blaine/Birch Bay
BANK/REO OWNED N
BATHROOMS1 2.50, 2.50
BATHROOMS2 1.00, 1.00
BATHROOMS3 1.00, 1.00
BATHROOMS4 1.00, 1.00
BATHROOMS5 1.00, 1.00
BATHROOMS6 0.00, 0.00
BEDROOMS1 3
BEDROOMS2 1
BEDROOMS3 1
BEDROOMS4 1
BEDROOMS5 1
BEDROOMS6 0
BUILDING CONDITION Good
CAP RATE (NOI / LP) 5.00
DISHWASHER1 Y
DISHWASHER2 N
DISHWASHER3 N
DISHWASHER4 N
DISHWASHER5 N
ELECRICAL EXPENSES 2967
ENERGY SOURCE Electric, Propane
EXTERIOR Wood
FLOOR COVERING Hardwood, Vinyl, Wall to Wall Carpet
FORM 17 Provided
FOUNDATION Poured Concrete
GENERAL ZONING Multi-Family
GROSS ADJUSTED INCOME 61560
GROSS RENT MULTIPLIER 16
GROSS SCHEDULED INCOME 64800
HEATING AND COOLING Central A/C, Forced Air
HEATING EXPENSES 247
HOME OWNER DUES 0
INSURANCE EXPENSES 1492
LEASED ITEMS None
LOT DETAILS Paved Street
LOT DIMENSIONS 72-199-18-60-195
NET OPERATING INCOME 48884
OFFERS Reviewed on receipt
OTHER EXPENSES 7861
POSSESION Closing
POTENTIAL TERMS Cash Out, Farm Home Loan
PROPERTY TYPE MULT
RANGE/OVEN1 Y
RANGE/OVEN2 Y
RANGE/OVEN3 Y
RANGE/OVEN4 Y
RANGE/OVEN5 Y
REFRIGERATOR1 Y
REFRIGERATOR2 Y
REFRIGERATOR3 Y
REFRIGERATOR4 Y
REFRIGERATOR5 Y
ROOF Flat
SEWER Sewer Connected
SITE FEATURES Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Propane, RV Parking
SQUARE FEET UNIT 1 2107
SQUARE FEET UNIT 2 400
SQUARE FEET UNIT 3 400
SQUARE FEET UNIT 4 400
SQUARE FEET UNIT 5 400
SQUARE FEET UNIT 6 0
STYLE 55 - 5-9 Units
TAX YEAR 2017
TOTAL EXPENSES 12676
TOTAL MONTHLY INCOME 5400
TOTAL NUMBER OF PARKING SPACES 12
UNITS BELOW GRADE N
VACANCY RATE 95
VIEW Bay, Mountain, Sound
WASHER/DRYER1 Y
WASHER/DRYER2 N
WASHER/DRYER3 N
WASHER/DRYER4 N
WASHER/DRYER5 N
WATER COMPANY Birch Bay
WATER SOURCE Public
WATERFRONT Bank-Low, Bay, Saltwater
Listing provided by Windermere Real Estate Whatcom

Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. © 2019 NWMLS. All rights are reserved.
Disclaimer: The information contained in this listing has not been verified by RE/MAX Whatcom County, Inc. and should be verified by the buyer.
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