1316 22nd St

    Bellingham, WA 98225
    • $687,000
    • STATUS: Pending Inspection
    • ON SITE: 22 days
    • ID#: 1265211
    Under Contract
    UPDATED: 82 min ago
    $687,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,592
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1997
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Weichert Realtors Vanson Assoc.

    Description

    Exceptional investment opportunity! With a solid rental history, this well cared for duplex is within walking distance to WWU. It boasts a 5.9% CAP rate with a historical vacancy rate of less-than-1%. Being close to many restaurants and local shops, tenants can take advantage of the local trails for hiking and biking. Each unit is a 4 bedroom 2 bath, fully applianced, and attached garages. DO NOT miss out on this spot in a very popular South campus neighborhood! Adjoining duplex also for sale.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-22T11:15:07.93.

    www.searchkitsaphomes.com/homes/82140874

    1316 22nd St Bellingham, WA 98225

    • Price: $687,000
    • Status: Pending Inspection
    • Updated: 82 min ago
    • ID#: 1265211
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,592
    SQFT
    $265
    $/SQFT
    1997
    Built
    Neighborhood:
    Happy Valley
    County:
    Whatcom
    Area:
    Bellingham
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Bellingham
    Property Description
    Exceptional investment opportunity! With a solid rental history, this well cared for duplex is within walking distance to WWU. It boasts a 5.9% CAP rate with a historical vacancy rate of less-than-1%. Being close to many restaurants and local shops, tenants can take advantage of the local trails for hiking and biking. Each unit is a 4 bedroom 2 bath, fully applianced, and attached garages. DO NOT miss out on this spot in a very popular South campus neighborhood! Adjoining duplex also for sale.
    Exterior Features

    Building Condition Good Carport Spaces 0 Exterior Metal/Vinyl Foundation Poured Concrete Garage Spaces 2 Lot Details CurbsPaved Street Roof Composition Stories In Building 2 Style 52 - Duplex Total Parking Spaces 8 Uncovered Spaces 6 View Territorial

    Interior Features

    Floor Covering VinylWall to Wall Carpet Heating And Cooling Wall Unit1 Bathrooms 2.00 Unit1 Bedrooms 4 Unit1 Dishwasher Y Unit1 Fireplaces 0 Unit1 Range Oven Y Unit1 Refrigerator Y Unit1 Sq Ft 1296 Unit1 Washer Dryer N Unit2 Bathrooms 2.00 Unit2 Bedrooms 4 Unit2 Dishwasher Y Unit2 Fireplaces 0 Unit2 Range Oven Y Unit2 Refrigerator Y Unit2 Sq Ft 1296 Unit2 Washer Dryer Y Unit3 Bathrooms 0.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 0.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 0.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 0.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Bank Owned No Cap Rate 5.93 Electrical Expenses 59 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification Multi-Family Gross Adjusted Income 40779 Gross Rent Multiplier 13 Gross Scheduled Income 52800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1100 Leased Items None Lot Number D Net Operating Income 40779 New Construction YN No Other Expenses 2505 Possession Sub. Tenant's Rights Power Company Puget Sound Energy Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company City Of Bellingham Site Features Cable TVDeckHigh Speed Internet Tax Amount 5102 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 12021 Total Expenses TEX 12021 Total Monthly Income 4400 Unit1 Monthly Rent 2200 Unit2 Monthly Rent 2200 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 0 Water Company City Of Bellingham Water Sewer Garbage 3255 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Mike & Sandi Nelson Real Estate and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Mike & Sandi Nelson Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-04-22T11:15:07.93.

     
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    Kitsap County WA,
    Listing Courtesy of Weichert Realtors Vanson Assoc.