809 & 811 Blueberry Lane, Bellingham, WA 98229

$545,000
2,104
SqFt

Listing courtesy of Coldwell Banker Bain. Selling Office: Keller Williams Western Realty.

Sold Price
$545,000
List Price
$545,000
Status
SOLD
MLS#
1384271
Closing Date
Feb 19, 2019
Days on Market
57
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,104
Area Total SqFt
2104
Annual Tax Ammount
3855
Lot Size (sq ft)
6,534
Sewer
Sewer Connected
Offer Review Date
2018-11-19

Property Description

Investment opportunity with strong ongoing tenant demand and a track record of increasing rents with minimal vacancy. This well maintained duplex is fully leased and located in an ideal neighborhood within walking distances to a WWU off-site campus parking lot with bus stop. Property amenities include attached two car garage, on-site laundry, decks and plenty of room for storage.

Additional Information

List Date
2018-12-24 00:00:00
Community
Samish
Net Operating Income
$28,080
Gross Adjusted Income
$37,440
Gross Scheduled Income
$37,440
Total Monthly Income
$3,120
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$2,435
Gross Rent Multiplier
14
Total Expenses
$9,360
Cap Rate
5.2
Total Number of Units
2
Unit Name
809 & 811
Potential Terms
Cash Out, Conventional
Year Built
1994
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, High Speed Internet
School District
Bellingham
Total Monthly Income
$3,120
Gross Scheduled Income
$37,440
Gross Adjusted Income
$37,440
Tax Year
2018
Insurance Expense
$1,200
W/S/G Expenses
$2,435
Total Expenses
$9,360
Net Operating Income
$28,080
Gross Rent Multiplier
14
Cap Rate
5.2
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