2130 Texas Street, Bellingham, WA 98229

$471,500
2,412
SqFt

Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Bellwether Real Estate.

Sold Price
$471,500
List Price
$475,000
Status
SOLD
MLS#
1202230
Closing Date
Jan 31, 2018
Days on Market
107
Style
53 - Tri-plex
Building Condition
Good
Finished SqFt
2,412
Area Total SqFt
2412
Annual Tax Ammount
3551
Lot Size (sq ft)
6,713
Sewer
Sewer Connected

Property Description

Great value for this triplex as first time on market. Tenants are long term as one has been there some 15 years and another close to 10 years. Rents are applicable to the length of occupancy of tenants but could have adjustments. Owner is in contracting field and has kept the property in well maintained condition.

Additional Information

List Date
2017-10-16 00:00:00
Community
Alabama Hill
Net Operating Income
$30,998
Gross Adjusted Income
$37,800
Gross Scheduled Income
$37,800
Total Monthly Income
$3,150
Insurance Expenses
$1,095
Water/Sewer/Garbage Expenses
$1,502
Gross Rent Multiplier
15
Total Expenses
$6,802
Cap Rate
5.2
Total Number of Units
3
Unit Name
2130
Potential Terms
Cash Out, Conventional, FHA, Private Financing Available, VA Loan
Year Built
1988
Roof
Composition
Site Features
Cable TV, Deck, Patio
Other Expenses
654
School District
Bellingham
Total Monthly Income
$3,150
Gross Scheduled Income
$37,800
Gross Adjusted Income
$37,800
Tax Year
2017
Insurance Expense
$1,095
W/S/G Expenses
$1,502
Total Expenses
$6,802
Net Operating Income
$30,998
Gross Rent Multiplier
15
Cap Rate
5.2
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