2410 + 2412 Xenia, Bellingham, WA 98229

$740,000
2,436
SqFt

Listing courtesy of Best Choice Realty. Selling Office: Best Choice Realty.

Sold Price
$740,000
List Price
$799,900
Status
SOLD
MLS#
2162535
Closing Date
Dec 12, 2023
Days on Market
45
Style
52 - Duplex
Finished SqFt
2,436
Area Total SqFt
2436
Annual Tax Ammount
5355
Lot Size (sq ft)
7,400
Sewer
Available

Property Description

Great property with expansive backyard, vaulted ceilings, 3bed/2bath, two story, and below market rents. Current rent is $1,350 and $1,400. Market rent is $2,100+, with nearby recent rents at $2,300+. Cap Rate of 5.15% based on $2,100 market rent. The property was built in 1999, and has been well maintained. Owners can choose to rent one side out and live in the second unit, or increase both unit's rent. Both tenants are on month-to-month leases, giving the landlord flexibility on when to raise the rents.

Additional Information

List Date
2023-10-28 00:00:00
Community
Bellingham
Net Operating Income
$41,220
Gross Adjusted Income
$50,400
Gross Scheduled Income
$50,400
Insurance Expenses
$1,150
Water/Sewer/Garbage Expenses
$150
Gross Rent Multiplier
15.87
Total Expenses
$9,155
Cap Rate
5.15
Total Number of Units
2
Unit Name
2410 + 2412
Potential Terms
Cash Out, Conventional
Year Built
1999
Roof
Composition
Other Expenses
2500
Energy Source
Electric
School District
Bellingham
Gross Scheduled Income
$50,400
Gross Adjusted Income
$50,400
Tax Year
2022
Insurance Expense
$1,150
W/S/G Expenses
$150
Total Expenses
$9,155
Net Operating Income
$41,220
Gross Rent Multiplier
15.87
Cap Rate
5.15
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks