2427 Nevada St, Bellingham, WA 98229

$724,900
2,520
SqFt

Listing courtesy of Best Choice Realty LLC.

List Price
$724,900
Status
ACTIVE
MLS#
1715462
Days on Market
0
Style
53 - Tri-plex
Building Condition
['Good']
Finished SqFt
2,520
Lot Size (sq ft)
7,405

Property Description

Investor ready or FHA owner occupied opportunity. Single level triplex in the middle of B'ham, blocks away from Trader Joe’s, Kulshan Brewing & more. Currently occupied by tenants that pay on time & willing to sign new leases - all on month-to-month leases due to rent moratorium. Rental increases due of about $100+ each unit once lifted. Roof, exterior paint & zero maint. landscaping done in 2020. Water & scratch resistant flooring installed in each unit, allowing you the ability to rent to tenants with pets. All units come with washer/dryer, dishwasher, garbage disposal, range oven & 2 units have built in microwaves. Parking-3 vehicles per unit. Each unit has on site, storage unit. Fully fenced, including individual & communal areas.

Additional Information

List Date
2021-01-11 00:00:00
Community
Bellingham
Property Type
MULT
Units
3
Stories
1
Potential Terms
Cash Out, Conventional, FHA
Year Built
1971
Total Parking
9
Uncovered Parking
6
View
Territorial
Exterior
Wood
Roof
Composition
Site Features
Dog Run, Fenced-Fully, Outbuildings
Lot Details
Sidewalk
School District
Bellingham
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,650
Gross Scheduled Income
$43,799
Gross Adjusted Income
$43,799
Annual Taxes
$4,378
Tax Year
2020
Insurance Expense
$1,200
W/S/G Expenses
$3,750
Total Expenses
$10,426
Net Operating Income
$33,373
Gross Rent Multiplier
16
Cap Rate
4

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.00
Unit 1 Rent
$1,200
Unit 2 Beds
2
Unit 2 Baths
1.00
Unit 2 Rent
$1,200
Unit 3 Beds
2
Unit 3 Baths
1.00
Unit 3 Rent
$1,250
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