1116 24th Street, Bellingham, WA 98225
- $539,000
- 1,560
- SqFt
Listing courtesy of MJB Real Estate Group. Selling Office: Windermere Real Estate Whatcom.
- Sold Price
- $539,000
- List Price
- $539,000
- Status
- SOLD
- MLS#
- 1384309
- Closing Date
- Jan 31, 2019
- Days on Market
- 19
- Style
- 52 - Duplex
- Finished SqFt
- 1,560
- Area Total SqFt
- 1560
- Annual Tax Ammount
- 3417
- Lot Size (sq ft)
- 10,019
- Sewer
- Sewer Connected
- Offer Review Date
- 2018-11-20
Property Description
Basically brand new duplexes walking distance to WWU and Fairhaven. Great investment with nearly zero vacancy. Perfect to rent or live in. New sheathing, siding, facia boards, roofs, gutters, windows, doors, and new insulation in walls and attic and that's just the exterior. Inside all new floors, new trim, bathroom, laundry room and heaters. New owners will have very little operating costs. Great tenants with new leases. Huge lot, tons of parking, great public schools and bus line across st.
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Additional Information
- List Date
- 2019-01-12 00:00:00
- Community
- Happy Valley
- Net Operating Income
- $29,732
- Gross Adjusted Income
- $30,652
- Gross Scheduled Income
- $38,280
- Total Monthly Income
- $3,190
- Insurance Expenses
- $580
- Water/Sewer/Garbage Expenses
- $2,100
- Gross Rent Multiplier
- 14
- Total Expenses
- $7,628
- Cap Rate
- 5.5
- Vacancy Rate
- 3
- Total Number of Units
- 2
- Unit Name
- 1116
- Potential Terms
- Cash Out, Conventional, FHA, Private Financing Available, VA Loan
- Year Built
- 1973
- View
- Golf Course
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Other Expenses
- 1531
- School District
- Bellingham
- Elementary School
- Happy Vly Elem
- Middle School
- Fairhaven Mid
- High School
- Bellingham High
- Total Monthly Income
- $3,190
- Gross Scheduled Income
- $38,280
- Vacancy Rate
- 3
- Gross Adjusted Income
- $30,652
- Tax Year
- 2018
- Insurance Expense
- $580
- W/S/G Expenses
- $2,100
- Total Expenses
- $7,628
- Net Operating Income
- $29,732
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.5
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