1302 Grant Street, Bellingham, WA 98225

$747,000
1,452
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$747,000
Status
PENDING
MLS#
2224269
Days on Market
24
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,452
Area Total SqFt
1452
Annual Tax Ammount
4861.23
Lot Size (sq ft)
5,227
Sewer
Sewer Connected

Property Description

Here's your prime investment opportunity. Well maintained single level duplex on a corner lot in the heart of sought-after York district. Centrally located to downtown, WWU, shopping, restaurants & York's historic Nelson's Market. Each unit is 726 sqft & features 2 bed/1 bath w/ two separate fully fenced sunny backyards. Attached 2-car garage + shed offer ample secure off-street parking & storage options for both units. Property boasts an excellent rental history. Purchase as a solid long-term rental or live in one side & rent the other. If owner occupied, purchase with only 5% down! Unit #1302 annual lease ends 5/31 & #1306 ends 7/31. Pre-inspected, report available upon request.

Additional Information

List Date
2024-04-19 01:48:08
Community
York
Net Operating Income
$28,593
Gross Adjusted Income
$38,400
Gross Scheduled Income
$38,400
Total Monthly Income
$3,200
Insurance Expenses
$949
Water/Sewer/Garbage Expenses
$2,495
Gross Rent Multiplier
19.45
Total Expenses
$9,806
Cap Rate
3.8
Vacancy Rate
1
Total Number of Units
2
Unit Name
1302
Potential Terms
Cash Out, Conventional
Year Built
1954
Roof
Composition
Site Features
Fenced-Fully, Outbuildings
Other Expenses
1500
Energy Source
Natural Gas
School District
Bellingham
Total Monthly Income
$3,200
Gross Scheduled Income
$38,400
Vacancy Rate
1
Gross Adjusted Income
$38,400
Tax Year
2024
Insurance Expense
$949
W/S/G Expenses
$2,495
Total Expenses
$9,806
Net Operating Income
$28,593
Gross Rent Multiplier
19.45
Cap Rate
3.8
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