3104 Orleans St

Bellingham, WA 98226

Status

PENDING INSPECTION

MLS#

1200918

List Price

$437,000

Days on Market

69

Style

52 - Duplex

Building Condition

Good

Finished SqFt

1,650

Lot Size (sq ft)

8,276

Property Description

This Multi-family investment includes 2 residences/buildings: 3102 Orleans - HOUSE - 2 Beds, 1.5 Baths, 1,141 SF. Remodeled in 2009 w/ new siding, windows, roof, etc. Partial basement, w/d in sunny laundry room, & partially fenced. 3104 Orleans - APARTMENT above 2 car garage - 1 Bed, 1 Bath, 600 SF. Built 1998. Vaulted ceiling, w/d, extra parking. Both units are currently rented substantially under market value & rented month-to-month. Great location close to Lowes/Sunset/Barkley Village

Property Details

List Date

2017-09-29 00:00:00

Community

Roosevelt

Property Type

MULT

Units

2

Stories

1

Additional Information

Potential Terms

Cash Out, Conventional

Year Built

1922

Total Parking

5

Uncovered Parking

3

View

Territorial

Exterior

Cement Planked

Roof

Composition

Site Features

Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet

Lot Details

Curbs, Paved Street, Sidewalk

School District

Bellingham

Elementary School

Sunnyland Elem

Middle School

Shuksan Mid

High School

Squalicum High

Financial Information

Total Monthly Income

$1,900

Gross Scheduled Income

$22,800

Gross Adjusted Income

$22,800

Annual Taxes

$3,088

Tax Year

2017

Insurance Expense

$685

W/S/G Expenses

$1,428

Total Expenses

$5,244

Net Operating Income

$17,556

Gross Rent Multiplier

18

Cap Rate

4

Approximate Room Dimensions

Unit 1 Beds

2

Unit 1 Baths

1.50

Unit 1 Size

1141

Unit 1 Rent

$1,150

Unit 2 Beds

1

Unit 2 Baths

1.00

Unit 2 Size

576

Unit 2 Rent

$750

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Listing courtesy of Sterling Real Estate Group.

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