Presented by: RJR Real Estate Inc. and NWMLS
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 $462,000. 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.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2
General
Building Area Units0 sqft
Building NameFrances Lane Gateway Condo
Cap Rate5.6
Carport Spaces0
Carport Y/NNo
CityBlaine
CoolingNone
CountyWhatcom
DirectionsBirch Bay Drive to Piney Lane. Francis Lane is located at the end of Piney Lane.
Electric Expense0
Elementary SchoolBlaine Elem
Fuel Expense0
HOANo
HOA Fee$0
HeatingWall Furnace
High SchoolBlaine High
High School DistrictBlaine
Insurance Expense2775
Leasable Area2,004 sqft
Listing TermsAssumable, Conventional, VA Loan
Living Area0 sqft
Lot Size Square Feet6,098 sqft
Lot Size UnitsSquare Feet
MLS Area880 - Blaine/Birch Bay
Middle/Junior High SchoolBlaine Mid
NWM_ShowMapLinkY
Net Operating Income55943
New ConstructionNo
Number Of Units Total4
Open Parking Spaces5
PossessionNegotiable, Subject To Tenant Rights
Possible UseCommercial, See Remarks
Property ConditionUpdated/Remodeled
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksMAJOR 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 u
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameBirch Bay
Tax Annual Amount$6,622
Tax Year2026
Unit Number1
Units Below Gradefalse
Units In Building Total4
ViewBay, Territorial
Water CompanyBBWater/Sewer
Water Sewer Garbage1860
Year Built1952
Zoning DescriptionCommercial, See Remarks
Exterior
Building Area Total2,004 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Dimensions65 x 106
Lot FeaturesPaved
Lot Size Acres0.14
Parking Uncovered Spaces5
Site FeaturesCable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Blaine Mid
Elementary School
Blaine Elem
High School
Blaine High
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