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(253) 209-4200
Real Estate Company
781 Georgia Street, Blaine, WA 98230
- $1,300,000
- 6,214
- SqFt
Listing Broker: Windermere RE Whatcom, Inc.; Brandi Coplen; 360-201-3951; bcoplen@windermere.com
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- 2602818
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 6,214
- Area Total SqFt
- 6214
- Annual Tax Ammount
- 7397
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
Rare in-town Blaine triplex, built in 2023 and fully leased. Three spacious townhome-style units sit on a corner lot just minutes from downtown, Drayton Harbor, Peace Arch, I-5 and the border. Each 3-level unit offers approx. 2,150 sq ft (per plans) with 3 bedrooms, 3.5 baths and a lower-level family room, giving tenants the space of a single-family home. The main floor features open living and dining, a kitchen with island, a powder room and in-unit laundry. Upstairs is the primary suite with its own 3/4 bath, a second bedroom and a full bath. The lower level adds a third bedroom, a 3/4 bath, the family room, storage and a patio. Low-maintenance construction includes a metal roof and ductless heat pump heating and cooling, plus a dedicated off-street parking area. All three units are currently leased with total scheduled rent of $8,200 per month. A turnkey, newer-construction income property in one of Whatcom County's most desirable coastal communities.
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Additional Information
- Community
- Blaine
- Net Operating Income
- $91,003
- Gross Adjusted Income
- $98,400
- Gross Scheduled Income
- $98,400
- Total Monthly Income
- $8,200
- Gross Rent Multiplier
- 15.75
- Total Expenses
- $7,397
- Cap Rate
- 5.87
- Total Number of Units
- 3
- Unit Name
- 781
- Potential Terms
- Cash
- Year Built
- 2023
- Roof
- Metal
- Site Features
- Patio
- Energy Source
- Electric
- School District
- Blaine
- Elementary School
- Blaine Elem
- Middle School
- Blaine Mid
- High School
- Blaine High
- Total Monthly Income
- $8,200
- Gross Scheduled Income
- $98,400
- Gross Adjusted Income
- $98,400
- Tax Year
- 2026
- Total Expenses
- $7,397
- Net Operating Income
- $91,003
- Gross Rent Multiplier
- 15.75
- Cap Rate
- 5.87
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.