4973 Cottonwood Court #2, #3 & #4
Birch Bay Condos!
This listing is for 3 separate Condominiums, package priced as a Tri-Plex.
All units are in a vacation rental pool with an annual income of $51,085.79, while only being occupied 51.44% of the time.
Crazy opportunity, if fully rented 100%, annual rent would be $120,938.
New Buyer can try and rent out more often for increased income OR use the additional 232 extra non-used days for themselves.
Can be sold separately.
1/2 block to beach.
Fully Furnished.
MLS# 1055625
$383,000
Birch Bay
4793 Cottonwood Ct. #2 Birch Bay, WA 98230 Tax ID # 405124 475065 0002 2 Bedroom, 498 SQFT Allocated Interest 13.48% Past 12 months Rental History Rented 154 nights Average per night $114.96 Before Tax $16,836.15 4793 Cottonwood Ct. #3 Birch Bay, WA 98230 Tax ID # 405124 475065 0003 2 Bedroom, 635 SQFT Allocated Interest 17.19% Past 12 months Rental History Rented 168 Average per night $113.70 Before Tax $19,020.48 4793 Cottonwood Ct. #4 Birch Bay, WA 98230 Tax ID # 405124 475065 0004 1 Bedroom, 334 SQFT Allocated Interest 9.04% Past 12 months Rental History Rented 195 nights Average per night $75.50 Before Tax $15,227.16
Totals Average occupancy 51.44% Before Tax $51,085.79 100% Occupancy Before Tax $120,938
Cross Property Client Full 4973 Cottonwood Ct #2,3&4, Birch Bay 98230 MLS#: 1055625 Status: Active Area: 880 - Blaine/Birch Bay Commty: Birch Bay
LP:
$383,000
County: Whatcom Remarks Unique Investment Opportunity. This listing is for 3 separate Condominiums, package priced as a Tri-Plex. Currently all units are in a vacation rental pool with an annual income of $40,632, while only being occupied 36.4% of the time. New Buyer can try and rent out more often for increased income OR use the additional 232 extra non-used days for themselves. Crazy opportunity, if fully rented 100%, annual rent would be $120,938. Can be sold separately. 1/2 block to beach. Fully Furnished. Offers: Seller intends to review offers upon receipt
General Information Prop Type: SF: Yr Built: Elementary: Snr High: Directions:
Multi-Family Sub Prop: Multi-Family 1,467 Price/SF: $261.08 1932 Lot Size: .517 ac/22,500 sf Blaine Elem Jr High: Blaine Mid Blaine High School Dist: Blaine From Birch Bay Drive, take a Right on Cottonwood and a Left on Cottonwood Court. Roughly 1/4 mile North of the main intersection of Harborview & Birch Bay Drive. Built Green Information
NW Energy Star:
LEED:
Cnstrct Mthds: Standard Frame Listing Information
# Unit: Form 17: Ann Taxes: Style Code: Heat/Cool: Foundation: Sewer: Waterfront:
3 # Story: 1 Provided Ttl Cvr Prk: 0 $3,550 Tax Year: 2016 53 - Tri-plex Baseboard Concrete Block, Poured Concrete Sewer Connected
First Refusal:
No
Floor Cvr: Lot Dtls: Site Feat:
Ceramic Tile, Fir/Softwood, Hardwood Paved Street Cable TV, Deck Financial Information
Net Op Inc: Ins Exp: Vac Rate:
$31,421 $1,800 63%
Gr Adj Inc: $40,632 Wtr Sw Grb: $1,125 Cap Rate: 8.2%
Unit B Grd: Ttl Sp Prk: Gen Zone: Bld Nm: Energy: Roof: Exterior: View: Seller's Concess:
No Ttl Rnt SF: 3 Commercial BBGA Units 2, 3, & 4 Electric Composition Wood Bay, Territorial
Gr Sch Inc: Gr Rnt Mlt:
$120,938 Ttl Mnth Inc: $3,385 Ttl Exp: $9,211
Unit Information Unit #: 2 Rng/Ovn: Yes
Beds: 2 Baths: 1 Refr: Yes Dish: Yes
SF: 498 Wash/Dry:
Rent: $1,260 # Fp:
Unit #: 3 Rng/Ovn: Yes
Beds: 2 Baths: 1 Refr: Yes Dish: Yes
SF: 635 Wash/Dry:
Rent: $1,145 # Fp:
Unit #: 4 Rng/Ovn: Yes
Beds: 1 Baths: 1 Refr: Yes Dish:
SF: 334 Wash/Dry:
Rent: $980
# Fp:
1,467
Whatcom County Parcel Information
Parcel Information
Tax Information
Parcel #: 4051244750650000
Tax Account: 36680
Alt Parcel #: 151977
Tax Code Area:
Address: 4973 Cottonwood Ct Blaine, WA 98230
Levy Rate: 10.4577214391 $0
Property Tax:
TRS: 40N01W24 - SE
(2016)
Taxpayer: Don't Mail
Census Tract/Block: 010403 / 2026
Legal
Owner: Don't Mail
BIRCH BAY GET AWAY CONDOMINIUM LOTS 1-2-3 BLK 1 COTTONWOOD BEACH-TR IN GOVT LOT 4 DAF-BEAP N 41 DEG 25'00 E 155 FT FR MON B COTTONWOOD BEACH-TH S 48 DEG 35'00 E 50 FT-TH N 41 DEG 25'00 E
Zoning: Resort Commercial Present Use: CONDOMINIUMS Total Land Value:
$0
Total Impr Value:
$0
Total Value:
$0
Parcel Size: .00 Acres (0 SqFt) School District: BLAINE SCHOOL DISTRICT Waterfront: Recreation: -
Land Method: Site
Use: 1410 - Condominiums
Class: Improv
Waterfront Bank:
View Type:
Topography: Clear
Waterfront Beach:
View Quality:
Topography Type: Level
Improvement Building Value: $0
Year Built:
Heating:
Condition:
Type:
Use:
Foundation:
Siding:
Roof Cover:
Full Baths: 0 1st Floor: 0 SqFt Garage Type: Porch: 0 SqFt
Half Baths: 0
Bedrooms: 0
2nd Floor: 0 SqFt
Total Area: 0 SqFt
Garage: 0 SqFt
Carport: 0 SqFt
Deck: 0 SqFt
Patio: 0 SqFt
Service: Abutting:
Whatcom County Parcel Information
Parcel Information Parcel #: 4051244750650002 Alt Parcel #: 151979 Address: 4973 Cottonwood Ct #2 Blaine, WA 98230 TRS: 40N01W24 - SE Census Tract/Block: 010403 / 2026 Owner: Birch Bay Getaway-Seaquel LLC 4973 Cottonwood Ct Blaine, WA 98230 Zoning: Resort Commercial Present Use: CONDOMINIUMS Total Land Value:
$43,877
Total Impr Value:
$67,877
Total Value:
$111,754
Tax Information Tax Account: 17178
Parcel Size: .00 Acres (0 SqFt)
Tax Code Area:
School District: BLAINE SCHOOL DISTRICT
Levy Rate: 10.4577214391
Waterfront:
Property Tax:
Recreation: -
$1,215
(2016)
Taxpayer: Birch Bay Getaway-Seaquel LLC BIRCH BAY GET AWAY CONDOMINIUM UNIT 2-TOG WI UNDIV INT IN COMMON AREAS DESC AF 2011000991-92
Legal Land Method: Site
Use: 1410 - Condominiums
Class: Improv
Waterfront Bank:
View Type:
Topography: Clear
Waterfront Beach:
View Quality:
Topography Type: Level
Service: Abutting:
Improvement Building Value: $67,877 Condition: Foundation: Full Baths: 1 1st Floor: 498 SqFt Garage Type: Porch: 0 SqFt
Year Built: 1936
Heating:
Type: CONDOMINIUM (Residential) Siding:
Use: CONDO Roof Cover:
Half Baths: 0
Bedrooms: 2
2nd Floor: 0 SqFt
Total Area: 498 SqFt
Garage: 0 SqFt
Carport: 0 SqFt
Deck: 0 SqFt
Patio: 0 SqFt
Transfer Information Rec. Date: 01/15/10
Sale Price:
Owner: BIRCH BAY GETAWAY-SEAQUEL LLC Orig. Loan Amt: $375,000 Finance Type: Fixed
Doc Num: 2100101447
Doc Type: Grant Deed
Grantor: PREFERRED FUNDING Title Co:
Loan Type:
Lender: FIRST MUTUAL BANK
Sentry Dynamics, Inc. and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report.
Whatcom County Parcel Information
Parcel Information Parcel #: 4051244750650003 Alt Parcel #: 151980 Address: 4973 Cottonwood Ct #3 Blaine, WA 98230 TRS: 40N01W24 - SE Census Tract/Block: 010403 / 2026 Owner: Birch Bay Getaway-Seaquel LLC 4973 Cottonwood Ct Blaine, WA 98230 Zoning: Resort Commercial Present Use: CONDOMINIUMS Total Land Value:
$55,953
Total Impr Value:
$83,566
Total Value:
$139,519
Tax Information Tax Account: 17178
Parcel Size: .00 Acres (0 SqFt)
Tax Code Area:
School District: BLAINE SCHOOL DISTRICT
Levy Rate: 10.4577214391
Waterfront:
Property Tax:
Recreation: -
$1,505
(2016)
Taxpayer: Birch Bay Getaway-Seaquel LLC BIRCH BAY GET AWAY CONDOMINIUM UNIT 3-TOG WI UNDIV INT IN COMMON AREAS DESC AF 2011000991-92
Legal Land Method: Site
Use: 1410 - Condominiums
Class: Improv
Waterfront Bank:
View Type:
Topography: Clear
Waterfront Beach:
View Quality:
Topography Type: Level
Service: Abutting:
Improvement Building Value: $83,566 Condition: Foundation: Full Baths: 1 1st Floor: 635 SqFt Garage Type: Porch: 0 SqFt
Year Built: 1932
Heating:
Type: CONDOMINIUM (Residential) Siding:
Use: CONDO Roof Cover:
Half Baths: 0
Bedrooms: 2
2nd Floor: 0 SqFt
Total Area: 635 SqFt
Garage: 0 SqFt
Carport: 0 SqFt
Deck: 0 SqFt
Patio: 0 SqFt
Transfer Information Rec. Date: 01/15/10
Sale Price:
Owner: BIRCH BAY GETAWAY-SEAQUEL LLC Orig. Loan Amt: $375,000 Finance Type: Fixed
Doc Num: 2100101447
Doc Type: Grant Deed
Grantor: PREFERRED FUNDING Title Co:
Loan Type:
Lender: FIRST MUTUAL BANK
Sentry Dynamics, Inc. and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report.
Whatcom County Parcel Information
Parcel Information Parcel #: 4051244750650004 Alt Parcel #: 151981 Address: 4973 Cottonwood Ct #4 Blaine, WA 98230 TRS: 40N01W24 - SE Census Tract/Block: 010403 / 2026 Owner: Birch Bay Getaway-Seaquel LLC 4973 Cottonwood Ct Blaine, WA 98230 Zoning: Resort Commercial Present Use: CONDOMINIUMS Total Land Value:
$29,425
Total Impr Value:
$45,524
Total Value:
$74,949
Tax Information Tax Account: 17178
Parcel Size: .00 Acres (0 SqFt)
Tax Code Area:
School District: BLAINE SCHOOL DISTRICT
Levy Rate: 10.4577214391
Waterfront:
Property Tax:
Recreation: -
$830
(2016)
Taxpayer: Birch Bay Getaway-Seaquel LLC BIRCH BAY GET AWAY CONDOMINIUM UNIT 4-TOG WI UNDIV INT IN COMMON AREAS DESC AF 2011000991-92
Legal Land Method: Site
Use: 1410 - Condominiums
Class: Improv
Waterfront Bank:
View Type:
Topography: Clear
Waterfront Beach:
View Quality:
Topography Type: Level
Service: Abutting:
Improvement Building Value: $45,524 Condition: Foundation: Full Baths: 1 1st Floor: 334 SqFt Garage Type: Porch: 0 SqFt
Year Built: 1932
Heating:
Type: CONDOMINIUM (Residential) Siding:
Use: CONDO Roof Cover:
Half Baths: 0
Bedrooms: 1
2nd Floor: 0 SqFt
Total Area: 334 SqFt
Garage: 0 SqFt
Carport: 0 SqFt
Deck: 0 SqFt
Patio: 0 SqFt
Transfer Information Rec. Date: 01/15/10
Sale Price:
Owner: BIRCH BAY GETAWAY-SEAQUEL LLC Orig. Loan Amt: $375,000 Finance Type: Fixed
Doc Num: 2100101447
Doc Type: Grant Deed
Grantor: PREFERRED FUNDING Title Co:
Loan Type:
Lender: FIRST MUTUAL BANK
Sentry Dynamics, Inc. and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report.
This map/plat is being furnished as an aid in locating the herein described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.
Occupancy Report 2016 Grand Total # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
355
N/A
988
35.93 %
$111.02
January 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
25
N/A
31
80.65 %
$83.20
WillowWood Cottage #3
2
N/A
29
6.90 %
$84.00
Laurelwood Cottage #4
9
N/A
27
33.33 %
$65.67
36
N/A
87
41.38 %
$78.86
Room Name Sandalwood Cottage (C2(
Total
February 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
12
N/A
29
41.38 %
$84.83
WillowWood Cottage #3
3
N/A
27
11.11 %
$122.33
Laurelwood Cottage #4
3
N/A
18
16.67 %
$72.33
18
N/A
74
24.32 %
$89.00
Room Name Sandalwood Cottage (C2(
Total
March 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
6
N/A
26
23.08 %
$103.50
WillowWood Cottage #3
3
N/A
29
10.34 %
$137.00
Laurelwood Cottage #4
7
N/A
30
23.33 %
$79.00
16
N/A
85
18.82 %
$99.06
Room Name
Total
April 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
9
N/A
24
37.50 %
$102.33
WillowWood Cottage #3
6
N/A
23
26.09 %
$112.33
Laurelwood Cottage #4
6
N/A
23
26.09 %
$79.00
21
N/A
70
30.00 %
$98.52
Room Name
Total
May 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
6
N/A
29
20.69 %
$124.33
WillowWood Cottage #3
7
N/A
29
24.14 %
$88.00
Laurelwood Cottage #4
10
N/A
27
37.04 %
$50.80
Total
23
N/A
85
27.06 %
$81.30
Room Name
June 2016 Room Name Sandalwood Cottage (C2(
# Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
12
N/A
29
41.38 %
$130.75
WillowWood Cottage #3
8
N/A
30
26.67 %
$144.75
Laurelwood Cottage #4
16
N/A
30
53.33 %
$106.10
Total
36
N/A
89
40.45 %
$122.91
July 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
24
N/A
29
82.76 %
$139.00
WillowWood Cottage #3
22
N/A
30
73.33 %
$157.03
Laurelwood Cottage #4
30
N/A
30
100.00 %
$83.79
Total
76
N/A
89
85.39 %
$122.42
Room Name
August 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
14
N/A
30
46.67 %
$159.21
WillowWood Cottage #3
20
N/A
31
64.52 %
$167.48
Laurelwood Cottage #4
20
N/A
31
64.52 %
$113.32
Total
54
N/A
92
58.70 %
$145.28
Room Name
September 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
9
N/A
30
30.00 %
$146.78
WillowWood Cottage #3
16
N/A
29
55.17 %
$125.56
Laurelwood Cottage #4
15
N/A
30
50.00 %
$101.55
Total
40
N/A
89
44.94 %
$121.33
Room Name Sandalwood Cottage (C2(
October 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
1
N/A
29
3.45 %
$114.00
WillowWood Cottage #3
3
N/A
13
23.08 %
$89.00
Laurelwood Cottage #4
11
N/A
31
35.48 %
$61.47
Total
15
N/A
73
20.55 %
$70.48
Room Name
November 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
4
N/A
30
13.33 %
$127.75
WillowWood Cottage #3
8
N/A
24
33.33 %
$115.68
Laurelwood Cottage #4
5
N/A
28
17.86 %
$49.60
17
N/A
82
20.73 %
$99.08
Room Name
Total
December 2016 # Nights Booked
# Nights Out of Service
# Nights Total
Average Occupancy %
Average Rate
Sandalwood Cottage (C2(
1
N/A
29
3.45 %
$129.00
WillowWood Cottage #3
0
N/A
13
0.00 %
$0.00
Laurelwood Cottage #4
2
N/A
31
6.45 %
$74.99
Total
3
N/A
73
4.11 %
$92.99
Room Name