624 N State Street, Bellingham, WA 98225

$821,000
1,984
SqFt

Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Windermere Real Estate Whatcom.

Sold Price
$821,000
List Price
$820,000
Status
SOLD
MLS#
1691307
Closing Date
Feb 22, 2021
Days on Market
21
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,984
Area Total SqFt
1984
Annual Tax Ammount
5887
Lot Size (sq ft)
6,098
Sewer
Sewer Connected

Property Description

Excellent opportunity to own a renovated duplex on south hill with perfect sunset view of the bay! Each unit enjoys an open floor plan with 2 bedrooms, 1 bath, and your own private deck. Upper unit has additional terrace with a wood burning hot tub! New roof in 2014. New windows in 2017. New electrical and plumbing. This duplex also has an additional space below for another duplex which has been permitted with designs, engineering and permits that were issued and ready to build (expired now). Great opportunity to purchase and build an irreplaceable income property!

Additional Information

List Date
2021-02-01 00:00:00
Community
South Hill
Net Operating Income
$30,000
Gross Adjusted Income
$43,200
Gross Scheduled Income
$43,200
Total Monthly Income
$3,600
Insurance Expenses
$1,000
Water/Sewer/Garbage Expenses
$1
Gross Rent Multiplier
19
Total Expenses
$10,000
Cap Rate
4
Total Number of Units
2
Unit Name
624
Potential Terms
Cash Out, Conventional
Year Built
1978
View
Bay, City, Ocean, Sound
Roof
Composition
Site Features
Cabana/Gazebo, Cable TV, Deck, High Speed Internet, Hot Tub/Spa, Rooftop Deck
Electric Expenses
1
Other Expenses
1
School District
Bellingham
Total Monthly Income
$3,600
Gross Scheduled Income
$43,200
Gross Adjusted Income
$43,200
Tax Year
2020
Insurance Expense
$1,000
W/S/G Expenses
$1
Total Expenses
$10,000
Net Operating Income
$30,000
Gross Rent Multiplier
19
Cap Rate
4
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