8226 Birch Bay Drive, Birch Bay, WA 98230
- $820,000
- 2,107
- SqFt
Listing courtesy of Hansen Group Real Estate Inc. Selling Office: Hansen Group Real Estate Inc.
- Sold Price
- $820,000
- List Price
- $899,000
- Status
- SOLD
- MLS#
- 1621395
- Closing Date
- Aug 17, 2020
- Days on Market
- 8
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,107
- Area Total SqFt
- 2107
- Annual Tax Ammount
- 5055
- Lot Size (sq ft)
- 52,272
- Sewer
- Sewer Connected
Property Description
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. Charming setting, Main House estimate: $2000 to $2200 per month (Lease), or $1850 to $2200 weekly (Vacation). Cottages:Currently renting at $900 per month-per cottage (Lease), or $3200 to $3400 per month-per cottage(Vacation nightly/weekly).
Additional Information
- List Date
- 2020-08-09 00:00:00
- Community
- Birch Bay
- Net Operating Income
- $48,027
- Gross Adjusted Income
- $48,027
- Gross Scheduled Income
- $67,200
- Total Monthly Income
- $5,600
- Insurance Expenses
- $1,492
- Water/Sewer/Garbage Expenses
- $1,601
- Gross Rent Multiplier
- 13
- Total Expenses
- $19,173
- Cap Rate
- 5
- Total Number of Units
- 5
- Unit Name
- 8226
- Potential Terms
- Cash Out, Conventional, Private Financing Available, VA Loan, State Bond, USDA Loan
- Year Built
- 1952
- Waterfront
- Yes
- View
- Bay, Sound
- Roof
- Flat
- Site Features
- Patio
- Electric Expenses
- 2917
- Other Expenses
- 7861
- 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
- $48,027
- Tax Year
- 2019
- Insurance Expense
- $1,492
- W/S/G Expenses
- $1,601
- Total Expenses
- $19,173
- Net Operating Income
- $48,027
- Gross Rent Multiplier
- 13
- Cap Rate
- 5
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