3314 3316 Cherrywood Avenue, Bellingham, WA 98225
- $580,000
- 1,586
- SqFt
Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Windermere Real Estate Whatcom.
- Sold Price
- $580,000
- List Price
- $525,000
- Status
- SOLD
- MLS#
- 1717009
- Closing Date
- Apr 16, 2021
- Days on Market
- 67
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,586
- Area Total SqFt
- 1586
- Annual Tax Ammount
- 4502
- Lot Size (sq ft)
- 25,600
- Sewer
- Sewer Connected
- Offer Review Date
- 2021-03-13
Property Description
INVESTOR ALERT: Rare Birchwood Duplex located on half acre developable lot that is zoned for possibly up to 4 additional units following annexation into city and city sewer hookup. Other ideal usages are a ministorage or continue as a Pasture for horses, Like the neighbor next door. Ideal for owner to live in one unit and let a renter pay mortgage by renting the other. unit. 3314 Cherrywood is vacant and has been freshly remodeled with new carpet, freshly painted and new appliances. 3316 Cherrywood is a long time tenant who wishes to stay but due to virus does not wish her unit to be shown. Please use all Virus Protocol using masks and foot coverings (provided at the door).
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Additional Information
- List Date
- 2021-02-08 00:00:00
- Community
- Birchwood
- Net Operating Income
- $26,000
- Gross Adjusted Income
- $28,800
- Gross Scheduled Income
- $2,400
- Total Monthly Income
- $2,400
- Insurance Expenses
- $672
- Water/Sewer/Garbage Expenses
- $332
- Gross Rent Multiplier
- 24
- Total Expenses
- $5,506
- Cap Rate
- 4
- Vacancy Rate
- 10
- Total Number of Units
- 2
- Unit Name
- 3314 3316
- Potential Terms
- VA Loan
- Year Built
- 1970
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, Dog Run, Fenced-Partially, Gated Entry, Patio
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Birchwood Elem
- Middle School
- Shuksan Mid
- High School
- Squalicum High
- Total Monthly Income
- $2,400
- Gross Scheduled Income
- $2,400
- Vacancy Rate
- 10
- Gross Adjusted Income
- $28,800
- Tax Year
- 2020
- Insurance Expense
- $672
- W/S/G Expenses
- $332
- Total Expenses
- $5,506
- Net Operating Income
- $26,000
- Gross Rent Multiplier
- 24
- Cap Rate
- 4
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