7687 Francis Lane Unit #1-4, Blaine, WA 98230
- $1,000,000
- 2,004
- SqFt
Listing courtesy of RJR Real Estate Inc..
- List Price
- $1,000,000
- Status
- ACTIVE
- MLS#
- 2256754
- Price Change
- ▼ $100,000 1754426606
- Days on Market
- 765
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,004
- Area Total SqFt
- 2004
- Annual Tax Ammount
- 6527
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
MAJOR PRICE REDUCTION. MOTIVATED SELLER HAS REDUCED THE PRICE AGAIN. Birch Bay living year round. Updated 4-plex located one block off Birch Bay Drive. Three 2 bedroom units and 1 one bedroom unit. All units were remodeled in 2021. Parking lot resurfaced in 2024. Laundry room on site equipped with stack washer/dryer. VA Loan 2.75% interest rate can be assumed by a non-veteran. Balance owing is $484,000. RESORT COMMERCIAL ZONING ALLOWS NO SET BACKS AND NO HEIGHT RESTRICTIONS. ADDITIONAL UNITS CAN BE ADDED WITH GREAT VIEW OF BIRCH BAY. PROPERTY WAS RECENTLY SURVEYED.
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Additional Information
- List Date
- 2024-06-24 16:33:17
- Community
- Birch Bay
- Net Operating Income
- $56,038
- Gross Adjusted Income
- $67,200
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $5,600
- Insurance Expenses
- $2,775
- Water/Sewer/Garbage Expenses
- $1,860
- Gross Rent Multiplier
- 14.88
- Total Expenses
- $11,162
- Cap Rate
- 5.6
- Total Number of Units
- 4
- Unit Name
- 7687
- Potential Terms
- Assumable, Conventional, VA Loan
- Year Built
- 1952
- View
- Bay, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings
- Energy Source
- Electric
- School District
- Blaine
- Elementary School
- Blaine Elem
- Middle School
- Blaine Mid
- High School
- Blaine High
- Total Monthly Income
- $5,600
- Gross Scheduled Income
- $67,200
- Gross Adjusted Income
- $67,200
- Tax Year
- 2025
- Insurance Expense
- $2,775
- W/S/G Expenses
- $1,860
- Total Expenses
- $11,162
- Net Operating Income
- $56,038
- Gross Rent Multiplier
- 14.88
- Cap Rate
- 5.6
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.