2422 E St

Bellingham, WA 98225

Status

PENDING

MLS#

1219969

List Price

$499,000

Days on Market

30

Style

52 - Duplex

Building Condition

Good

Finished SqFt

1,996

Lot Size (sq ft)

4,792

Property Description

Character duplex located in desirable Lettered Streets! Great investment opportunity or live in one and rent the other. 3 bed 1 bath on each level, ample off street parking & separate unit entrances. Fully updated/retrofit in 1990, new membrane roof and exterior/interior paint and flooring summer 2017. Collecting approx $2,700/mo with tenant paid utilities and garbage. Opportunity to increase revenue with allowing use of existing storage shed by tenants. Within walking distance to all amenities.

Property Details

List Date

2017-11-17 00:00:00

Community

Lettered Streets

Property Type

MULT

Units

2

Stories

2

Additional Information

Potential Terms

Cash Out, Conventional, Farm Home Loan, FHA, USDA, VA

Year Built

1904

Total Parking

4

Uncovered Parking

4

Exterior

Wood

Roof

Flat, See Remarks

Site Features

Cable TV, Fenced-Partially, High Speed Internet, Outbuildings

Lot Details

Corner Lot, Curbs, Paved Street, Sidewalk

School District

Bellingham

Financial Information

Total Monthly Income

$2,698

Gross Scheduled Income

$32,376

Gross Adjusted Income

$32,376

Annual Taxes

$3,307

Tax Year

2017

Insurance Expense

$1,000

Total Expenses

$7,424

Net Operating Income

$24,952

Gross Rent Multiplier

15

Cap Rate

5

Approximate Room Dimensions

Unit 1 Beds

3

Unit 1 Baths

1.00

Unit 1 Size

1020

Unit 1 Rent

$1,349

Unit 2 Beds

3

Unit 2 Baths

1.00

Unit 2 Size

976

Unit 2 Rent

$1,349

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Listing courtesy of Windermere Real Estate Whatcom.

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