549 Cherry Street, Blaine, WA 98230
- $831,158
Listing Broker: Lifeline Equity; Philip Seel; ; Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $831,158
- List Price
- $899,900
- Status
- SOLD
- MLS#
- 2480140
- Closing Date
- Jul 01, 2026
- Days on Market
- 234
- Annual Tax Ammount
- 5335.13
Property Description
What an Opportunity to own an income-producing property in the heart of Blaine! The Peace Arch Montessori has been a staple Daycare Business in Blaine for over 15 years and has capacity to care for approximately 50 children. The house and school building are both included in the purchase and are both tenanted. The rent for the entire property is $7,000/month including all utilities with an opportunity for additional income via a profit share agreement with the tenant. Both house and school buildings are in very good shape with minimal upgrades needed.
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Additional Information
- Community
- Blaine
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1954
- Roof
- Composition
- Tax Year
- 2024
- Potential Terms
- Cash, Conventional
- Driving Directions
- Drive along Peace Portal Dr heading South. Take a left on Cherry St. The property is located on your right at the corner of Harrison St and Cherry St.
- Other Expenses
- 3211
- Energy Source
- Electric
- Gross Scheduled Income
- $7,000
- Water/Sewer/Garbage Expenses
- $6,219
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.