1518 Donovan Ave Unit A & B, Bellingham, WA 98225

$659,000
2,208
SqFt

Listing courtesy of Lakeway Realty, Inc..

List Price
$659,000
Status
ACTIVE
MLS#
1423718
Price Change
▲ $9,000 1556072981
Days on Market
36
Style
52 - Duplex
Building Condition
['Good']
Finished SqFt
2,208
Lot Size (sq ft)
7,405

Property Description

Investment opportunity Duplex with additional storage in coveted Fairhaven. Short walking distance to the beach, fine dining, shopping, & some of the best trails in the Pacific Northwest. Large three bedroom units in good condition with solid & reliable tenants. Gigantic lot with extra parking and three extra large garages. This represents an excellent way to make a good return on your investment. Plenty of room to raise rents or rent out the garages!

Additional Information

List Date
2019-04-17 00:00:00
Community
Fairhaven
Property Type
MULT
Units
2
Stories
2
Potential Terms
Cash Out, Conventional, FHA, State Bond, USDA, VA
Year Built
1977
Total Parking
9
Uncovered Parking
4
View
Territorial
Exterior
Stucco, Wood
Roof
Composition
Site Features
Deck
Lot Details
Corner Lot, Dead End Street, Paved Street, Secluded
School District
Bellingham
Elementary School
Lowell Elem
Middle School
Fairhaven Mid
High School
Sehome High
Total Monthly Income
$3,700
Gross Scheduled Income
$44,400
Gross Adjusted Income
$44,400
Annual Taxes
$4,000
Tax Year
2018
Insurance Expense
$1,400
W/S/G Expenses
$83
Total Expenses
$9,070
Net Operating Income
$35,330
Gross Rent Multiplier
14
Cap Rate
5

Room Dimensions

Unit 1 Beds
3
Unit 1 Baths
1.00
Unit 1 Size
1104
Unit 1 Rent
$975
Unit 2 Beds
3
Unit 2 Baths
1.00
Unit 2 Size
1104
Unit 2 Rent
$975
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