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Listing 1 out of 187
$598,500 Pending

2202 Michigan St
Bellingham, WA 98229

Multi Family Home
8416 sq ft - MLS# 1409816 Courtesy of RE/MAX Whatcom County, Inc.
Property Photo
1/16

Description

Solid investment duplex with great numbers. This well maintained opportunity has new roof and siding, carpet and flooring, and is a great place to park your money. Rents for a similar but smaller property a couple of doors away are 10% higher-here's your upside!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Whatcom County
  • Zip Code: 98229
  • Year Built: 1991
  • Subdivision/Neighborhood: Michigan St
  • School District: Bellingham
  • Elementary School: Roosevelt Elem
  • Middle School: Kulshan Mid
  • High School: Squalicum High
  • Sq.Ft.: 2,822 sq ft
  • Stories: Duplex
  • Garage: 2-Car
  • # of Parking Spaces: 2, 6
  • Lot Size: 8416 sq ft
  • Area: Alabama Hill
  • Amenities: Thermal Windows
  • Area Number: 860
  • Bathrooms Unit 1: 2.50
  • Bathrooms Unit 2: 2.50
  • Bedrooms Unit 1: 3
  • Bedrooms Unit 2: 3
  • Building Condition: Good
  • Cap Rate - NOI div LP: 4.90
  • Energy Source(heat): Electric, Natural Gas
  • Exterior: Cement Planked
  • Floor Covering: Laminate Hardwood, Wall to Wall Carpet
  • Foundation: Concrete Block
  • General Zoning Class: Residential
  • Gross Adjusted Income: $36828
  • Gross Rent Multiplier: $1573
  • Gross Scheduled Income: $37200
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $603
  • Lot Details: Curbs, Sidewalk
  • Lot Dimensions: 63 x 133.62
  • Net Operating Income: $28948
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 4
  • Power Company: Pse
  • Rent Unit 1: $1600
  • Rent Unit 2: $1600
  • Roof: Composition
  • Sewer Company: Cob
  • Site Features: Cable TV, High Speed Internet, Patio
  • Square Feet Unit 1: 1400
  • Square Feet Unit 2: 1400
  • Street Number Modifier: 2204
  • Total Expenses: $7880, $7880
  • Total Garage Capacity: 2
  • Total Monthly Income: $3100
  • Vacancy Rate: 1
  • Water Company: Cob
  • Water Source: Public
  • Water/Sewer/Garbage: 3050
Courtesy of RE/MAX Whatcom County, Inc.
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than ReMax Whatcom are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-05-27

Terms of Usage Agreement

Robert Merhaut
RE/MAX Whatcom County
913 Lakeway Dr
Bellingham, WA 98229


360-319-1938
robm@nwhomes.net
Contact Us

   

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360-319-1938 | Contact Us 

Robm@nwhomes.net
913 Lakeway Dr - Bellingham, WA 98229
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