1518 Donovan Avenue Unit #A & B, Bellingham, WA 98225
- $650,000
- 2,208
- SqFt
Listing courtesy of Lakeway Realty, Inc.. Selling Office: eXp Realty.
- Sold Price
- $650,000
- List Price
- $659,000
- Status
- SOLD
- MLS#
- 1423718
- Closing Date
- Sep 27, 2019
- Days on Market
- 117
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,208
- Area Total SqFt
- 2208
- Annual Tax Ammount
- 4000
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
Investment opportunity Duplex with additional storage in coveted Fairhaven. Short walking distance to the beach, fine dining, shopping, & some of the best trails in the Pacific Northwest. Large three bedroom units in good condition with solid & reliable tenants. Gigantic lot with extra parking and three extra large garages. This represents an excellent way to make a good return on your investment. Plenty of room to raise rents or rent out the garages!
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Additional Information
- List Date
- 2019-06-02 00:00:00
- Community
- Fairhaven
- Net Operating Income
- $35,330
- Gross Adjusted Income
- $31,200
- Gross Scheduled Income
- $23,400
- Total Monthly Income
- $1,950
- Insurance Expenses
- $1,400
- Water/Sewer/Garbage Expenses
- $83
- Gross Rent Multiplier
- 14
- Total Expenses
- $9,070
- Cap Rate
- 5.3
- Total Number of Units
- 2
- Unit Name
- 1518
- Potential Terms
- Cash Out, Conventional, FHA, Private Financing Available, VA Loan, State Bond, USDA Loan
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck
- Electric Expenses
- 110
- Other Expenses
- 1000
- School District
- Bellingham
- Elementary School
- Lowell Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $1,950
- Gross Scheduled Income
- $23,400
- Gross Adjusted Income
- $31,200
- Tax Year
- 2018
- Insurance Expense
- $1,400
- W/S/G Expenses
- $83
- Total Expenses
- $9,070
- Net Operating Income
- $35,330
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.3
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