2822 Valencia Street, Bellingham, WA 98226
- $570,000
- 2,216
- SqFt
Listing courtesy of RE/MAX Whatcom County, Inc.. Selling Office: Keller Williams Western Realty.
- Sold Price
- $570,000
- List Price
- $519,900
- Status
- SOLD
- MLS#
- 1851641
- Closing Date
- Oct 29, 2021
- Days on Market
- 6
- Style
- 52 - Duplex
- Finished SqFt
- 2,216
- Area Total SqFt
- 2216
- Annual Tax Ammount
- 4320
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
- Offer Review Date
- 2021-10-18
Property Description
Well maintained duplex close to shopping, bus line and Interurban trails. Both units have 2 bedrooms, 1.5 baths, and laundry rooms. Bedrooms, full bath, storage closet and laundry on lower-main entry level. Upper level consists of an open floor plan with kitchen and dining room area that flows into the spacious living room with deck and ½ bath. Units have identical floor plans and both in great condition. Building has 4 covered parking spaces. New roof in 2016. Freshly painted exterior trim & decks. New gutters. Minutes to Barkley, Lake Whatcom, downtown, & convenient I-5 access. Located in a PRIME rental district. Low maintenance, low expenses, under market rents= EZ CAP improvement to make this investment even better than it already is.
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Additional Information
- List Date
- 2021-10-23 00:00:00
- Community
- Roosevelt
- Net Operating Income
- $24,337
- Gross Adjusted Income
- $30,870
- Gross Scheduled Income
- $31,500
- Total Monthly Income
- $2,625
- Insurance Expenses
- $615
- Water/Sewer/Garbage Expenses
- $1,463
- Gross Rent Multiplier
- 17
- Total Expenses
- $6,533
- Cap Rate
- 4.7
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 2822
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1992
- Roof
- Composition
- Other Expenses
- 135
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,625
- Gross Scheduled Income
- $31,500
- Vacancy Rate
- 2
- Gross Adjusted Income
- $30,870
- Tax Year
- 2021
- Insurance Expense
- $615
- W/S/G Expenses
- $1,463
- Total Expenses
- $6,533
- Net Operating Income
- $24,337
- Gross Rent Multiplier
- 17
- Cap Rate
- 4.7
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