3225 Greenwood Avenue, Bellingham, WA 98225

$390,000
3,222
SqFt

Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Keller Williams Western Realty.

Sold Price
$390,000
List Price
$390,000
Status
SOLD
MLS#
1145901
Closing Date
Aug 25, 2017
Days on Market
5
Style
54 - 4-Plex
Building Condition
Average
Finished SqFt
3,222
Area Total SqFt
3222
Annual Tax Ammount
1516
Lot Size (sq ft)
24,829
Sewer
Sewer Connected

Property Description

House and 3 Mobiles always rented - Bread and Butter Units. URMIX - No city services to redevelop. Excellent holding property. Long term tenants. Units well maintained. Do not disturb - No sign - No lockbox. Offers subject to Buyer's inspection within 2 days.

Additional Information

List Date
2017-08-20 00:00:00
Community
Bellingham
Net Operating Income
$24,923
Gross Adjusted Income
$29,158
Gross Scheduled Income
$30,060
Total Monthly Income
$2,505
Insurance Expenses
$1,172
Water/Sewer/Garbage Expenses
$2,100
Gross Rent Multiplier
13
Total Expenses
$5,132
Cap Rate
6.3
Vacancy Rate
3
Total Number of Units
6
Unit Name
3225
Potential Terms
Cash Out
Year Built
1928
View
Territorial
Roof
Built-Up, Composition
Other Expenses
300
School District
Bellingham
Elementary School
Birchwood Elem
Middle School
Shuksan Mid
High School
Squalicum High
Total Monthly Income
$2,505
Gross Scheduled Income
$30,060
Vacancy Rate
3
Gross Adjusted Income
$29,158
Tax Year
2017
Insurance Expense
$1,172
W/S/G Expenses
$2,100
Total Expenses
$5,132
Net Operating Income
$24,923
Gross Rent Multiplier
13
Cap Rate
6.3
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