1501 1507 21st St, Bellingham, WA 98225

$810,000
3,080
SqFt

Listing courtesy of Brandon Nelson Partners. Selling Office: .

Sold Price
$810,000
List Price
$799,000
Status
SOLD
MLS#
1243284
Closing Date
Mar 19, 2018
Days on Market
2
Style
54 - 4-Plex
Finished SqFt
3,080
Lot Size (sq ft)
13,939

Property Description

Happy Valley Multifamily features a huge lot surrounded by City greenbelt on two sides, with 2 detached 1-level duplexes (4 units total). Each unit features 2BR/1BA w/attached garages + laundry. The rear units have huge, fenced backyards, while the front units have side courtyards (one is fenced, one is not). Updates in all units including 3 new water heaters in the past year. Low maintenance vinyl siding, 30-year roofing, electric heat. All rental agreements are month to month w/5.3% Cap rate.

Additional Information

List Date
2018-02-08 00:00:00
Community
Happy Valley
Property Type
MULT
Units
4
Stories
1
Potential Terms
Cash Out, Conventional
Year Built
1974
Total Parking
8
Uncovered Parking
4
View
Territorial
Exterior
Metal/Vinyl
Roof
Composition
Site Features
['Cable TV', 'Fenced-Partially', 'High Speed Internet', 'Patio']
Lot Details
Paved Street
School District
Bellingham
Elementary School
Happy Vly Elem
Middle School
Fairhaven Mid
High School
Sehome High
Total Monthly Income
$4,460
Gross Scheduled Income
$53,520
Annual Taxes
$6,028
Tax Year
2017
Insurance Expense
$1,340
W/S/G Expenses
$3,917
Total Expenses
$11,285
Net Operating Income
$42,235
Gross Rent Multiplier
15
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$1,125
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Rent
$1,025
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Rent
$1,160
Unit 4 Beds
2
Unit 4 Baths
1.00
Unit 4 Rent
$1,150
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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