124 Mitchell Street Sumas, WA 98295
Sold
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Listed By: Keller Williams Western Realty / Bought By: Jose Maldonado, Keller Williams Western Realty / Coldwell Banker Bain

  124 Mitchell Street Sumas, WA 98295

Sold on 07/29/2022
$305,000 (USD)
See Similar Listings

Description

Fantastic opportunity. 4-plex in Sumas. Currently in a state of disrepair. Buy & fix. Projected Rents will be easily $1200, similar units owned by Seller in Sumas are renting at $1250. The estimated projected Cap Rate is 8.5% and the fix up cost are estimated at $150k. This can be a updated new 4-plex for $500,000 to $550,000 total costs. The units are all ground floor, level access. Nice open layout. Single level is not only great for tenants but also for easy maintenance of the exterior and roof. Large lot and plenty of parking, with 12 spaces plus off street as well. Flood insurance is $2588 per year and is included in the expenses for determination of Capitalization Rate. Flippers, investors- one-of-a-kind opportunity investment!!

Sold Date:
07/29/2022
Taxes
$3,279(2020)
Lot Size
0.33 acres
Type
Multifamily
Year Built
1955
Style
4-Plex
School District
Nooksack Valley
County
Whatcom County
Community
Sumas

Listed By

Rick D Moore, Keller Williams Western Realty
Kelly Nicolaysen, Coldwell Banker Bain
Bought with
Jose Maldonado, Keller Williams Western Realty
Source
Northwest MLS as distributed by MLS Grid
Last checked Aug 30 2026 at 12:53 PM GMT+0000
Bathroom Details
Subdivision
  • Sumas
Property Features
  • Foundation: Poured Concrete
Exterior Features
  • Wood Products
  • Cement/Concrete
  • Roof: Composition
Utility Information
  • Utilities: Sewer Connected, Electric
  • Sewer: Sewer Connected
  • Fuel: Electric
School Information
  • Elementary School: Sumas Elem
  • Middle School: Nooksack Vly Mid
  • High School: Nooksack Vly High

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 16, 2022
Listed
$350,000
-
-
Disclaimer: IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS, if any, and as amended from time to time.
Based on information submitted to the MLS GRID as of 8/30/2026 12:53. 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.

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