124 Mitchell Street Sumas, WA 98295
Sold
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Keller Williams Western Realty and Keller Williams Western Realty / Coldwell Banker Bain / Kelly Nicolaysen

  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
Last checked Apr 6 2026 at 3:19 AM 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: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 4/6/2026 03:19. 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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