Blaine, WA 98230 7687 Francis Lane # 1-4
$1,000,000
4 more
Presented By: RJR Real Estate Inc. and NWMLS
- MLS# 2256754
- 06/24/2024
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,004
Home Details
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 $484,000. RESORT COMMERCIAL ZONING ALLOWS NO SET BACKS AND NO HEIGHT RESTRICTIONS. ADDITIONAL UNITS CAN BE ADDED WITH GREAT VIEW OF BIRCH BAY. PROPERTY WAS RECENTLY SURVEYED.
Presented By: RJR Real Estate Inc. and NWMLS
Interior Features for 7687 Francis Lane # 1-4
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 7687 Francis Lane # 1-4
Building Area UnitsSquare Feet
Building NameFrances Lane Gateway Condo
Cap Rate5
Carport Spaces
Carport Y/NNo
CityBlaine
CoolingNone
CountyWhatcom
DirectionsBirch Bay Drive to Piney Lane. Francis Lane is located at the end of Piney Lane.
Electric Expense
Elementary SchoolBlaine Elem
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolBlaine High
High School DistrictBlaine
Insurance Expense3775
Leasable Area2004
Listing TermsAssumable, Conventional, VA Loan
Lot Size Square Feet6098
Lot Size UnitsSquare Feet
MLS Area880 – Blaine/Birch Bay
Middle/Junior High SchoolBlaine Mid
ModificationTimestamp2025-09-25T16:28:10.474Z
NWM_ShowMapLinkY
Net Operating Income55038
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 Amount6527
Tax Year2025
Unit Number1-4
Units Below Gradefalse
Units In Building Total4
ViewBay, Territorial
Water CompanyBBWater/Sewer
Water Sewer Garbage1860
Year Built1952
Zoning DescriptionCommercial, See Remarks
Exterior for 7687 Francis Lane # 1-4
Building Area Total2004
Covered Spaces
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
Total Parking5
Water SourceCommunity
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Blaine Mid
Elementary School
Blaine Elem
High School
Blaine High
Josh QA1
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