2535 Racine Street, Bellingham, WA 98226

$386,000
1,496
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc.. Selling Office: Brandon Nelson Partners.

Sold Price
$386,000
List Price
$375,000
Status
SOLD
MLS#
1489039
Closing Date
Nov 08, 2019
Days on Market
4
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,496
Area Total SqFt
1496
Annual Tax Ammount
2453
Lot Size (sq ft)
8,000
Sewer
Sewer Connected

Property Description

Nice duplex on quiet, dead-end street just one block north of Alabama. Large back yard and side yard where it may be possible to build a garage or storage building. Hardi-plank siding on two sides of the building.

Additional Information

List Date
2019-11-04 00:00:00
Community
Roosevelt
Net Operating Income
$21,210
Gross Adjusted Income
$21,210
Gross Scheduled Income
$25,800
Total Monthly Income
$2,150
Insurance Expenses
$559
Water/Sewer/Garbage Expenses
$1,578
Gross Rent Multiplier
15
Total Expenses
$4,590
Cap Rate
5.7
Total Number of Units
2
Unit Name
2535
Potential Terms
Cash Out, Conventional
Year Built
1972
View
Territorial
Roof
Composition
Site Features
Deck, Fenced-Partially, Gas Available
School District
Bellingham
Elementary School
RooseveltElem
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,150
Gross Scheduled Income
$25,800
Gross Adjusted Income
$21,210
Tax Year
2019
Insurance Expense
$559
W/S/G Expenses
$1,578
Total Expenses
$4,590
Net Operating Income
$21,210
Gross Rent Multiplier
15
Cap Rate
5.7
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