2202 2204 Michigan Street, Bellingham, WA 98229
- $585,000
- 2,822
- SqFt
Listing courtesy of RE/MAX Whatcom County, Inc.. Selling Office: Coldwell Banker Bain.
- Sold Price
- $585,000
- List Price
- $598,500
- Status
- SOLD
- MLS#
- 1409816
- Closing Date
- Jun 11, 2019
- Days on Market
- 45
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,822
- Area Total SqFt
- 2822
- Annual Tax Ammount
- 4227
- Lot Size (sq ft)
- 8,417
- Sewer
- Sewer Connected
Property Description
Solid investment duplex with great numbers. This well maintained opportunity has new roof and siding, carpet and flooring, and is a great place to park your money. Rents for a similar but smaller property a couple of doors away are 10% higher-here's your upside!
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Additional Information
- List Date
- 2019-04-27 00:00:00
- Community
- Alabama Hill
- Net Operating Income
- $28,948
- Gross Adjusted Income
- $36,828
- Gross Scheduled Income
- $37,200
- Total Monthly Income
- $3,100
- Insurance Expenses
- $603
- Water/Sewer/Garbage Expenses
- $3,050
- Gross Rent Multiplier
- 1573
- Total Expenses
- $7,880
- Cap Rate
- 4.9
- Vacancy Rate
- 1
- Total Number of Units
- 6
- Unit Name
- 2202 2204
- Potential Terms
- Cash Out, Conventional, FHA, Private Financing Available, VA Loan, USDA Loan
- Year Built
- 1991
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet, Patio
- School District
- Bellingham
- Elementary School
- RooseveltElem
- Middle School
- Kulshan Mid
- High School
- Squalicum High
- Total Monthly Income
- $3,100
- Gross Scheduled Income
- $37,200
- Vacancy Rate
- 1
- Gross Adjusted Income
- $36,828
- Tax Year
- 2018
- Insurance Expense
- $603
- W/S/G Expenses
- $3,050
- Total Expenses
- $7,880
- Net Operating Income
- $28,948
- Gross Rent Multiplier
- 1573
- Cap Rate
- 4.9
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