2822 Valencia Street, Bellingham, WA 98226

$519,900
2,216
SqFt

Listing courtesy of RE/MAX Whatcom County, Inc..

List Price
$519,900
Status
PENDING
MLS#
1851641
Days on Market
6
Style
52 - Duplex
Finished SqFt
2,216
Area Total SqFt
2216
Lot Size (sq ft)
7,405

Property Description

Well maintained duplex close to shopping, bus line and Interurban trails. Both units have 2 bedrooms, 1.5 baths, and laundry rooms. Bedrooms, full bath, storage closet and laundry on lower-main entry level. Upper level consists of an open floor plan with kitchen and dining room area that flows into the spacious living room with deck and ½ bath. Units have identical floor plans and both in great condition. Building has 4 covered parking spaces. New roof in 2016. Freshly painted exterior trim & decks. New gutters. Minutes to Barkley, Lake Whatcom, downtown, & convenient I-5 access. Located in a PRIME rental district. Low maintenance, low expenses, under market rents= EZ CAP improvement to make this investment even better than it already is.

Additional Information

List Date
2021-10-12 00:00:00
Community
Roosevelt
Potential Terms
Cash Out, Conventional
Year Built
1992
Roof
Composition
Heating/Cooling Type
Wall
Other Expenses
135
Energy Source
Electric
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$2,625
Gross Scheduled Income
$31,500
Vacancy Rate
2
Gross Adjusted Income
$30,870
Tax Year
2021
Insurance Expense
$615
W/S/G Expenses
$1,463
Total Expenses
$6,533
Net Operating Income
$24,337
Gross Rent Multiplier
17
Cap Rate
4
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