1412 Lincoln Street, Bellingham, WA 98229
- $355,000
- 1,800
- SqFt
Listing courtesy of John L. Scott, Inc.. Selling Office: Bellwether Real Estate.
- 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
- Area Total SqFt
- 1800
- Annual Tax Ammount
- 2343
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
- Offer Review Date
- 2018-03-11
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!
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Additional Information
- List Date
- 2018-03-19 00:00:00
- Community
- Bellingham
- Net Operating Income
- $14,067
- Gross Adjusted Income
- $19,800
- Gross Scheduled Income
- $19,800
- Total Monthly Income
- $1,650
- Insurance Expenses
- $850
- Water/Sewer/Garbage Expenses
- $2,340
- Gross Rent Multiplier
- 17
- Total Expenses
- $5,733
- Cap Rate
- 4.1
- Total Number of Units
- 2
- Unit Name
- 1412
- Potential Terms
- Cash Out, Conventional, FHA, Private Financing Available, VA Loan
- Year Built
- 1910
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Other Expenses
- 200
- 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
- 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
- 4.1
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