2130 Texas St

Bellingham, WA 98229

Status

PENDING

MLS#

1202230

List Price

$475,000

Price Change

▼ $124,000 1516229789

Days on Market

107

Style

53 - Tri-plex

Building Condition

Good

Finished SqFt

2,412

Lot Size (sq ft)

6,713

Property Description

Great value for this triplex as first time on market. Tenants are long term as one has been there some 15 years and another close to 10 years. Rents are applicable to the length of occupancy of tenants but could have adjustments. Owner is in contracting field and has kept the property in well maintained condition.

Property Details

List Date

2017-10-03 00:00:00

Community

Alabama Hill

Property Type

MULT

Units

3

Stories

2

Additional Information

Potential Terms

Cash Out, Conventional, FHA, VA

Year Built

1988

Total Parking

6

Uncovered Parking

6

Exterior

Metal/Vinyl

Roof

Composition

Site Features

Cable TV, Deck, Patio

Lot Details

Alley, Paved Street, Sidewalk

School District

Bellingham

Financial Information

Total Monthly Income

$3,150

Gross Scheduled Income

$37,800

Gross Adjusted Income

$37,800

Annual Taxes

$3,551

Tax Year

2017

Insurance Expense

$1,095

W/S/G Expenses

$1,502

Total Expenses

$6,802

Net Operating Income

$30,998

Gross Rent Multiplier

15

Cap Rate

5

Approximate Room Dimensions

Unit 1 Beds

2

Unit 1 Baths

1.00

Unit 1 Size

804

Unit 1 Rent

$1,200

Unit 2 Beds

2

Unit 2 Baths

1.00

Unit 2 Size

804

Unit 2 Rent

$1,100

Unit 3 Beds

2

Unit 3 Baths

1.00

Unit 3 Size

804

Unit 3 Rent

$850

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Listing courtesy of Windermere Real Estate Whatcom.

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