1020 23rd St, Bellingham, WA 98225

$2,200,000

Listing courtesy of Muljat Group.

List Price
$2,200,000
Status
PENDING FEASABILITY
MLS#
1164844
Price Change
▼ $500,000 1513378567
Days on Market
184
Style
56 - 10+ Units
Lot Size (sq ft)
10,890

Property Description

Great investment property just 2.5 blocks from WWU! 1020 23rd St. was built 2000 & sits on a 0.25 acre lot. Has 10 fresh modern units (5) 4bd, 2 bth & (5) 1 bd,1bth, decks and W&D makes renting these units effortless! Garage spot for renting to maximizing profits! This could be your opportunity to own an amazing investment property steps to WWU or even entertain a possible condo conversion!

Additional Information

List Date
2017-07-18 00:00:00
Community
Happy Valley
Property Type
MULT
Units
10
Stories
3
Potential Terms
Cash Out, Conventional
Year Built
2000
Total Parking
10
Uncovered Parking
6
View
Territorial
Exterior
Metal/Vinyl
Roof
Composition, Flat
Site Features
Deck, High Speed Internet
Lot Details
Curbs, Paved Street
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$14,500
Gross Scheduled Income
$175,068
Gross Adjusted Income
$175,068
Annual Taxes
$18,870
Tax Year
2017
W/S/G Expenses
$6,903
Total Expenses
$42,985
Net Operating Income
$132,083
Gross Rent Multiplier
15
Cap Rate
4

Room Dimensions

Unit 1 Beds
1
Unit 1 Baths
1.00
Unit 1 Rent
$800
Unit 2 Beds
1
Unit 2 Baths
1.00
Unit 2 Rent
$800
Unit 3 Beds
1
Unit 3 Baths
1.00
Unit 3 Rent
$800
Unit 4 Beds
1
Unit 4 Baths
1.00
Unit 4 Rent
$800
Unit 5 Beds
1
Unit 5 Baths
1.00
Unit 5 Rent
$800
Unit 6 Beds
4
Unit 6 Baths
2.00
Unit 6 Rent
$2,100

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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