2328 Valencia Street, Bellingham, WA 98229

$935,000
3,264
SqFt

Listing courtesy of Windermere Real Estate Whatcom.

List Price
$935,000
Status
ACTIVE
MLS#
1877989
Days on Market
5
Style
54 - 4-Plex
Finished SqFt
3,264
Area Total SqFt
3264
Lot Size (sq ft)
8,712

Property Description

Great 4-plex on a large, sunny corner lot. 2 bed/1 bath units all equipped with washer/dryers, dishwashers, large living spaces and private decks. Well maintained with newer roof, gutters and fascia boards, plus two recently remodeled units which have been nicely updated with luxury vinyl plank flooring, new lighting and interior paint. Central Bellingham location, close to shopping, restaurants, breweries and trails. Two long term tenants (over 20 years) and over 4% cap rate at current below market rents.

Additional Information

List Date
2022-01-13 18:14:10
Community
Alabama Hill
Potential Terms
Cash Out, Conventional
Year Built
1988
View
Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet
Heating/Cooling Type
Baseboard
Energy Source
Electric
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Gross Scheduled Income
$50,820
Gross Adjusted Income
$50,820
Tax Year
2022
Insurance Expense
$1,184
W/S/G Expenses
$4,191
Total Expenses
$11,861
Net Operating Income
$38,959
Gross Rent Multiplier
18.4
Cap Rate
4
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