1416 Humboldt Street, Bellingham, WA 98225

$455,500
1,696
SqFt

Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Rainshine Realty.

Sold Price
$455,500
List Price
$459,999
Status
SOLD
MLS#
1390031
Closing Date
May 31, 2019
Days on Market
125
Style
52 - Duplex
Finished SqFt
1,696
Area Total SqFt
1696
Annual Tax Ammount
2970
Lot Size (sq ft)
4,356
Sewer
Sewer Connected

Property Description

Updated duplex with the best cap rate in town! 6%! Each unit is 2 bed 1 bath with laundry and separate entrances. Great location in the York neighborhood, one block from Nelson's Market and just minutes from downtown. Updated paint, carpets, some siding and much more. Downstairs unit is vacant which allows owner occupied financing.

Additional Information

List Date
2019-01-26 00:00:00
Community
York
Net Operating Income
$28,310
Gross Adjusted Income
$29,510
Gross Scheduled Income
$34,200
Total Monthly Income
$2,850
Insurance Expenses
$1,000
Water/Sewer/Garbage Expenses
$1,320
Gross Rent Multiplier
13
Total Expenses
$5,890
Cap Rate
6.15
Vacancy Rate
1
Total Number of Units
2
Unit Name
1416
Potential Terms
Cash Out, Conventional
Year Built
1895
Roof
Composition
Electric Expenses
600
School District
Bellingham
Total Monthly Income
$2,850
Gross Scheduled Income
$34,200
Vacancy Rate
1
Gross Adjusted Income
$29,510
Tax Year
2017
Insurance Expense
$1,000
W/S/G Expenses
$1,320
Total Expenses
$5,890
Net Operating Income
$28,310
Gross Rent Multiplier
13
Cap Rate
6.15
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