619 S Alder Street, Burlington, WA 98233

$480,000
2,240
SqFt

Listing courtesy of John L. Scott Everett. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$480,000
List Price
$485,000
Status
SOLD
MLS#
1332025
Closing Date
Oct 31, 2018
Days on Market
60
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,240
Area Total SqFt
2240
Annual Tax Ammount
3566
Lot Size (sq ft)
4,792
Sewer
Sewer Connected

Property Description

Newer easy to maintain duplex in great condition. This place is a cash cow. At 5% cap the value is roughly $600,000. The location and high quality of the building make these desirable and very easy to rent. In the desirable Burlington School district. Master bedroom downstairs and two bedrooms up. Full baths on each floor. Stamped concrete floors on lower floor with radiant heat. Nice sized kitchens with granite slab counter tops. One unit rented below market value and still achieving 6.2% CAP.

Additional Information

List Date
2018-09-01 00:00:00
Community
Burlington
Net Operating Income
$30,108
Gross Adjusted Income
$36,120
Gross Scheduled Income
$30,108
Total Monthly Income
$3,010
Insurance Expenses
$742
Water/Sewer/Garbage Expenses
$552
Gross Rent Multiplier
16
Total Expenses
$6,012
Cap Rate
6.2
Total Number of Units
2
Unit Name
619
Potential Terms
Cash Out, Conventional
Year Built
2009
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Patio
Other Expenses
1152
School District
Burlington
Total Monthly Income
$3,010
Gross Scheduled Income
$30,108
Gross Adjusted Income
$36,120
Tax Year
2018
Insurance Expense
$742
W/S/G Expenses
$552
Total Expenses
$6,012
Net Operating Income
$30,108
Gross Rent Multiplier
16
Cap Rate
6.2
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