1311 N Garden, Bellingham, WA 98225

$696,000
2,020
SqFt

Listing courtesy of Muljat Group. Selling Office: Petz Real Estate.

Sold Price
$696,000
List Price
$719,000
Status
SOLD
MLS#
1746190
Closing Date
Jun 30, 2021
Days on Market
24
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,020
Area Total SqFt
2020
Annual Tax Ammount
4061
Lot Size (sq ft)
6,970
Sewer
Sewer Connected

Property Description

Well cared for Victorian Duplex in the Commercial Transition Area of Downtown District Urban Village.From the covered front porch to the upper deck this building has character! Victorian features incl/woodwork, doors, hardware, bathrooms w/clawfooted tubs & showers. Bright, airy rooms, high ceilings & tall windows. Both have 1 bdrm & 1 full bath, Upper unit 1026 s/f, is a permitted Short Term Rental w/excellent rental history. Upper has add'l office & studio. Main floor 984 s/f is rented monthly. Both have washer/dryer, furnishings, insulated windows, up w/electric-oil baseboard, newer exterior paint & some siding. 5+ parking spaces Residential & Commercial uses permitted redevelopment could be 100% w 65" height limit. Verify with COB.

Additional Information

List Date
2021-06-06 00:00:00
Community
Sehome
Net Operating Income
$37,697
Gross Adjusted Income
$39,809
Gross Scheduled Income
$44,232
Insurance Expenses
$1,355
Water/Sewer/Garbage Expenses
$1,245
Gross Rent Multiplier
18
Total Expenses
$6,535
Cap Rate
5.24
Vacancy Rate
10
Total Number of Units
2
Unit Name
1311
Potential Terms
Cash Out, Conventional
Year Built
1895
View
Bay, City, Mountain(s), Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Gas Available, Gated Entry, Patio, RV Parking
Electric Expenses
2470
Other Expenses
1465
Energy Source
Electric
School District
Bellingham
Elementary School
Lowell Elem
Middle School
Fairhaven Mid
High School
Sehome High
Gross Scheduled Income
$44,232
Vacancy Rate
10
Gross Adjusted Income
$39,809
Tax Year
2021
Insurance Expense
$1,355
W/S/G Expenses
$1,245
Total Expenses
$6,535
Net Operating Income
$37,697
Gross Rent Multiplier
18
Cap Rate
5.24
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