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Rachael Wilson & Associates

Rachael Wilson & Associates
RE/MAX Whatcom County, Inc.
Bellingham, WA 98229

360-319-2234
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Listing 6 out of 9
$659,000 For Sale

1518 Donovan Ave #A & B
Bellingham, WA 98225

2 units | Multi Family Home
7405 sq ft lot - MLS# 1423718 Courtesy of Lakeway Realty, Inc.
Property Photo
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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!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1977
  • Subdivision/Neighborhood: Fairhaven Land Cos 2nd Add/Fv
  • School District: Bellingham
  • Elementary School: Lowell Elem
  • Middle School: Fairhaven Mid
  • High School: Sehome High
  • Sq.Ft.: 2,208 sq ft
  • Stories: Duplex
  • Units: 2 units
  • Garage: 3-Car
  • # of Parking Spaces: 3, 9
  • Lot Size: 7405 sq ft lot
  • Area: Fairhaven
  • Amenities: Storage
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bedrooms Unit 1: 3
  • Bedrooms Unit 2: 3
  • Building Condition: Good
  • Cap Rate - NOI div LP: 5.30
  • Electrical Expenses: $110
  • Energy Source(heat): Electric
  • Exterior: Stucco, Wood
  • Floor Covering: Laminate Hardwood, Vinyl
  • Foundation: Concrete Block
  • Gross Adjusted Income: $44400
  • Gross Rent Multiplier: $14
  • Gross Scheduled Income: $44400
  • Heating Expenses: $110
  • Heating/Cooling: Baseboard
  • Insurance Expenses: $1400
  • Lot Details: Corner Lot, Dead End Street, Paved Street, Secluded
  • Lot Dimensions: 7405
  • Net Operating Income: $35330
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 4
  • Other Expenses: $1000
  • Power Company: Pse
  • Rent Unit 1: $975
  • Rent Unit 2: $975
  • Roof: Composition
  • Sewer Company: Cob
  • Site Features: Deck
  • Square Feet Unit 1: 1104
  • Square Feet Unit 2: 1104
  • Total Expenses: $9070, $9070
  • Total Garage Capacity: 3
  • Total Monthly Income: $3700
  • Water Company: Cob
  • Water Source: Community
  • Water/Sewer/Garbage: 83
Courtesy of Lakeway Realty, 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 RE/MAX Whatcom County, Inc. 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 2019-06-17

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Rachael Wilson & Associates

Rachael Wilson & Associates 
RE/MAX Whatcom County, Inc. 
913 Lakeway Drive
Bellingham, WA 98229
360-319-2234

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