3035 3037 Pacific Street, Bellingham, WA 98226

$465,000
2,184
SqFt

Listing courtesy of Coldwell Banker Bain. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$465,000
List Price
$489,000
Status
SOLD
MLS#
1360497
Closing Date
Nov 09, 2018
Days on Market
21
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,184
Area Total SqFt
2184
Annual Tax Ammount
3063
Lot Size (sq ft)
7,405
Sewer
Sewer Connected

Property Description

Excellent income property opportunity! Low maintenance duplex in the Barkley neighborhood. Always rented and in demand. Three bedrooms, two bathrooms per unit. Rents could be raised to increase cash flow as leases end soon. Roof is brand new! This is a perfect duplex to try your hand at being a landlord or for an experienced investor.

Additional Information

List Date
2018-10-19 00:00:00
Community
Barkley
Net Operating Income
$23,945
Gross Adjusted Income
$30,600
Gross Scheduled Income
$30,600
Total Monthly Income
$2,550
Insurance Expenses
$710
Water/Sewer/Garbage Expenses
$2,240
Gross Rent Multiplier
16
Total Expenses
$6,655
Cap Rate
5.1
Total Number of Units
2
Unit Name
3035 3037
Potential Terms
Cash Out, Conventional
Year Built
2001
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck
Other Expenses
642
School District
Bellingham
Total Monthly Income
$2,550
Gross Scheduled Income
$30,600
Gross Adjusted Income
$30,600
Tax Year
2017
Insurance Expense
$710
W/S/G Expenses
$2,240
Total Expenses
$6,655
Net Operating Income
$23,945
Gross Rent Multiplier
16
Cap Rate
5.1
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