2328 Valencia Street, Bellingham, WA 98229
- $945,000
- 3,264
- SqFt
Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Keller Williams Greater Seattl.
- Sold Price
- $945,000
- List Price
- $935,000
- Status
- SOLD
- MLS#
- 1877989
- Closing Date
- Feb 28, 2022
- Days on Market
- 17
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,264
- Area Total SqFt
- 3264
- Annual Tax Ammount
- 6486
- Lot Size (sq ft)
- 8,712
- Sewer
- Sewer Connected
Property Description
Great 4-plex on a large, sunny corner lot. 2 bed/1 bath units all equipped with washer/dryers, dishwashers, large living spaces and private decks. Well maintained with newer roof, gutters and fascia boards, plus two recently remodeled units which have been nicely updated with luxury vinyl plank flooring, new lighting and interior paint. Central Bellingham location, close to shopping, restaurants, breweries and trails. Two long term tenants (over 20 years) and over 4% cap rate at current below market rents.
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Additional Information
- List Date
- 2022-02-11 00:00:00
- Community
- Alabama Hill
- Net Operating Income
- $38,959
- Gross Adjusted Income
- $50,820
- Gross Scheduled Income
- $50,820
- Insurance Expenses
- $1,184
- Water/Sewer/Garbage Expenses
- $4,191
- Gross Rent Multiplier
- 18.4
- Total Expenses
- $11,861
- Cap Rate
- 4.2
- Total Number of Units
- 4
- Unit Name
- 2328
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1988
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $50,820
- Gross Adjusted Income
- $50,820
- Tax Year
- 2022
- Insurance Expense
- $1,184
- W/S/G Expenses
- $4,191
- Total Expenses
- $11,861
- Net Operating Income
- $38,959
- Gross Rent Multiplier
- 18.4
- Cap Rate
- 4.2
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