2422 E St, Bellingham, WA 98225

$499,000
1,996
SqFt

Listing courtesy of Windermere Real Estate Whatcom.

List Price
$499,000
Status
PENDING
MLS#
1219969
Days on Market
30
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,996
Lot Size (sq ft)
4,792

Property Description

Character duplex located in desirable Lettered Streets! Great investment opportunity or live in one and rent the other. 3 bed 1 bath on each level, ample off street parking & separate unit entrances. Fully updated/retrofit in 1990, new membrane roof and exterior/interior paint and flooring summer 2017. Collecting approx $2,700/mo with tenant paid utilities and garbage. Opportunity to increase revenue with allowing use of existing storage shed by tenants. Within walking distance to all amenities.

Additional Information

List Date
2017-11-17 00:00:00
Community
Lettered Streets
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, Farm Home Loan, FHA, USDA, VA
Year Built
1904
Total Parking
4
Uncovered Parking
4
Exterior
Wood
Roof
Flat, See Remarks
Site Features
Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Bellingham
Total Monthly Income
$2,698
Gross Scheduled Income
$32,376
Gross Adjusted Income
$32,376
Annual Taxes
$3,307
Tax Year
2017
Insurance Expense
$1,000
Total Expenses
$7,424
Net Operating Income
$24,952
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
1020
Unit 1 Rent
$1,349
Unit 2 Beds
3
Unit 2 Baths
1.00
Unit 2 Size
976
Unit 2 Rent
$1,349

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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