1412 Lincoln St, Bellingham, WA 98229

$355,000
1,800
SqFt

Listing courtesy of John L. Scott, Inc.. Selling Office: .

Sold Price
$355,000
List Price
$342,000
Status
SOLD
MLS#
1255056
Closing Date
Mar 21, 2018
Days on Market
2
Style
52 - Duplex
Building Condition
['Average']
Finished SqFt
1,800
Lot Size (sq ft)
4,356

Property Description

Duplex in central location! Walk to Fred Meyer, Elementary + near downtown & WWU. 3 beds 1 bath up (no stairs), 2 beds 1 bath down. Both w/private washer/dryers. Systems updated in 80's. Recent updates: Newer roof, rails, hardi-plank siding & exterior paint. Updated kitchen on main floor. Nice floor plans, ample parking. Rents are well below market as is. But with some inexpensive TLC inside, this has 6%+ cap potential. Or PERFECT set-up to live on main floor unit & keep lower unit rented!

Additional Information

List Date
2018-03-08 00:00:00
Community
Bellingham
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, VA
Year Built
1910
Total Parking
6
Uncovered Parking
6
View
Territorial
Exterior
Cement Planked, Wood
Roof
Composition
Site Features
['Cable TV', 'Deck', 'High Speed Internet', 'Patio']
Lot Details
Alley, Paved Street
School District
Bellingham
Elementary School
Carl Cozier Elem
High School
Bellingham High
Total Monthly Income
$1,650
Gross Scheduled Income
$19,800
Gross Adjusted Income
$19,800
Annual Taxes
$2,343
Tax Year
2017
Insurance Expense
$850
W/S/G Expenses
$2,340
Total Expenses
$5,733
Net Operating Income
$14,067
Gross Rent Multiplier
17
Cap Rate
4

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
950
Unit 1 Rent
$825
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Size
950
Unit 2 Rent
$825
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