2521 Orleans St

Bellingham, WA 98226

Status

ACTIVE

MLS#

1173634

List Price

$435,000

Price Change

▼ $15,000 1508188079

Days on Market

78

Style

52 - Duplex

Building Condition

Very Good

Finished SqFt

2,051

Lot Size (sq ft)

10,019

Property Description

Excellent investment opportunity in the heart of Bellingham! Property includes main home (1910 Craftsman) with 4 beds/1.75 baths plus separate studio with kitchen and 3/4 bath. Large yard with huge deck. Parking for 2 cars in the driveway plus parking for 4 plus cars in the alley. Fresh exterior paint and all major work has been done including new roof and sewer line.

Property Details

List Date

2017-08-04 00:00:00

Community

Roosevelt

Property Type

MULT

Units

2

Stories

2

Additional Information

Potential Terms

Cash Out, Conventional, FHA, VA

Year Built

1910

Total Parking

6

Uncovered Parking

6

View

Territorial

Exterior

Wood

Roof

Composition

Site Features

Deck, Fenced-Partially, High Speed Internet

Lot Details

Alley, Paved Street

School District

Bellingham

Elementary School

Buyer To Verify

Middle School

Buyer To Verify

High School

Buyer To Verify

Financial Information

Total Monthly Income

$2,045

Gross Scheduled Income

$24,540

Gross Adjusted Income

$24,540

Annual Taxes

$2,310

Tax Year

2017

Insurance Expense

$928

W/S/G Expenses

$2,757

Total Expenses

$5,995

Net Operating Income

$18,544

Gross Rent Multiplier

18

Cap Rate

4

Approximate Room Dimensions

Unit 1 Beds

4

Unit 1 Baths

1.75

Unit 1 Size

1709

Unit 1 Rent

$1,400

Unit 2 Size

342

Unit 2 Rent

$645

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Listing courtesy of Redfin Corp..

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