1234 Grant Street, Bellingham, WA 98225
- $750,000
- 1,632
- SqFt
Listing courtesy of BHHS Bayside Realty.
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 2225036
- Days on Market
- 9
- Style
- 52 - Duplex
- Finished SqFt
- 1,632
- Area Total SqFt
- 1632
- Annual Tax Ammount
- 4977
- Lot Size (sq ft)
- 4,356
- Sewer
- Sewer Connected
Property Description
Updated classic rental duplex in the Historic York neighborhood. Spacious 3 bedroom lower unit and 2 bedroom upper unit provided years of near zero vacancy rent. Large detached garage and 3 private off-street/alley parking spots for tenants. Newer main roof and seamless gutters, plus newer hot water heaters, appliances, vinyl flooring & paint. Recently replaced shed roof. Shared washer and dryer conveniently located on back porch utility room. Market value rent increase potential to $2,000 for the lower unit and $1,700 for the upper unit would increase cap rate 4.7%. Utilities individually metered. Professionally managed. Walking distance to WWU makes this an excellent college rental. Close to parks & centrally located to downtown.
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Additional Information
- List Date
- 2024-04-25 17:30:08
- Community
- York
- Net Operating Income
- $31,420
- Gross Adjusted Income
- $40,200
- Gross Scheduled Income
- $40,200
- Total Monthly Income
- $3,350
- Insurance Expenses
- $723
- Water/Sewer/Garbage Expenses
- $1,700
- Gross Rent Multiplier
- 18.66
- Total Expenses
- $10,480
- Cap Rate
- 4.2
- Total Number of Units
- 2
- Unit Name
- 1234
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1910
- Roof
- Composition, Torch Down
- Site Features
- Cable TV, Fenced-Partially, Gas Available
- Other Expenses
- 3080
- Energy Source
- Electric, Natural Gas
- School District
- Bellingham
- Elementary School
- Happy Vly Elem
- Middle School
- Fairhaven Mid
- High School
- Sehome High
- Total Monthly Income
- $3,350
- Gross Scheduled Income
- $40,200
- Gross Adjusted Income
- $40,200
- Tax Year
- 2024
- Insurance Expense
- $723
- W/S/G Expenses
- $1,700
- Total Expenses
- $10,480
- Net Operating Income
- $31,420
- Gross Rent Multiplier
- 18.66
- Cap Rate
- 4.2
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