2819 2827 Nevada Street, Bellingham, WA 98226

$1,100,000
3,904
SqFt

Listing courtesy of Weichert Realtors Vanson Assoc. Selling Office: Muljat Group.

Sold Price
$1,100,000
List Price
$1,125,000
Status
SOLD
MLS#
1366104
Closing Date
Apr 30, 2019
Days on Market
192
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
3,904
Area Total SqFt
3904
Annual Tax Ammount
8348
Lot Size (sq ft)
14,810
Sewer
Sewer Connected

Property Description

INVESTOR ALERT on this extremely well maintained single level 4-plex. Each unit is a 2 bed, 2 bath complete with natural gas fireplaces and each unit has an attached double car garage! Both buildings were repainted this year and you will defiantly see the pride of ownership. Beautifully landscaped courtyard welcomes guests to your front door. Boasting a 5% CAP rate this 4-plex is perfect for an investor who wants a good return on investment and a turn key project that has been well maintained.

Additional Information

List Date
2018-10-20 00:00:00
Community
Roosevelt
Net Operating Income
$56,318
Gross Adjusted Income
$69,600
Gross Scheduled Income
$69,600
Total Monthly Income
$4,050
Insurance Expenses
$1,274
Water/Sewer/Garbage Expenses
$3,260
Gross Rent Multiplier
16
Total Expenses
$13,282
Cap Rate
5
Total Number of Units
4
Unit Name
2819 2827
Potential Terms
Cash Out, Conventional
Year Built
2003
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, High Speed Internet
Other Expenses
400
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,050
Gross Scheduled Income
$69,600
Gross Adjusted Income
$69,600
Tax Year
2018
Insurance Expense
$1,274
W/S/G Expenses
$3,260
Total Expenses
$13,282
Net Operating Income
$56,318
Gross Rent Multiplier
16
Cap Rate
5
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