1129 22nd Street, Bellingham, WA 98225
- $610,050
- 2,160
- SqFt
Listing courtesy of Windermere Real Estate Whatcom. Selling Office: RE/MAX Whatcom County, Inc..
- Sold Price
- $610,050
- List Price
- $629,900
- Status
- SOLD
- MLS#
- 1594236
- Closing Date
- Aug 14, 2020
- Days on Market
- 119
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,160
- Area Total SqFt
- 2160
- Annual Tax Ammount
- 3329
- Lot Size (sq ft)
- 6,534
- Sewer
- Sewer Connected
Property Description
Location, Location, Location! Southside Duplex in Happy Valley on corner of Mill and 22nd Street, blocks from WWU. Units are 1080 sf with 3 large bedrooms, 1 bath, utility room, gas forced air heat, and easy maintenance vinyl siding. Unit A currently rents for $1800 and Unit B $1800 starting with lease beginning 9/1/20. Both new leases require tenants to pay garbage reducing current expense $300+. Actual expenses based on 2019 tax return. 5.5% CAP Rate.
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Additional Information
- List Date
- 2020-04-17 00:00:00
- Community
- Happy Valley
- Net Operating Income
- $34,729
- Gross Adjusted Income
- $43,200
- Gross Scheduled Income
- $43,200
- Total Monthly Income
- $3,600
- Insurance Expenses
- $767
- Water/Sewer/Garbage Expenses
- $2,190
- Gross Rent Multiplier
- 15
- Total Expenses
- $8,471
- Cap Rate
- 5.5
- Total Number of Units
- 6
- Unit Name
- 1129
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1977
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, Patio
- Other Expenses
- 2185
- School District
- Bellingham
- Elementary School
- Happy Vly Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $3,600
- Gross Scheduled Income
- $43,200
- Gross Adjusted Income
- $43,200
- Tax Year
- 2019
- Insurance Expense
- $767
- W/S/G Expenses
- $2,190
- Total Expenses
- $8,471
- Net Operating Income
- $34,729
- Gross Rent Multiplier
- 15
- Cap Rate
- 5.5
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