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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 17 out of 251
$459,999 Pending

1416 Humboldt St
Bellingham, WA 98225

2 units | Multi Family Home
4356 sq ft - MLS# 1390031 Courtesy of Windermere Real Estate Whatcom
Property Photo
1/25

Description

Updated duplex with the best cap rate in town! 6%! Each unit is 2 bed 1 bath with laundry and separate entrances. Great location in the York neighborhood, one block from Nelson's Market and just minutes from downtown. Updated paint, carpets, some siding and much more. Downstairs unit is vacant which allows owner occupied financing.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 1895
  • School District: Bellingham
  • Sq.Ft.: 1,696 sq ft
  • Stories: Duplex
  • Units: 2 units
  • # of Parking Spaces: 4
  • Lot Size: 4356 sq ft
  • Area: York
  • 3rd Party Apprvl Req: Other - See Remarks
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Cap Rate - NOI div LP: 6.15
  • Electrical Expenses: $600
  • Energy Source(heat): Natural Gas
  • Exterior: Cement Planked
  • Foundation: Concrete Block
  • General Zoning Class: Multi-Family
  • Gross Adjusted Income: $29510
  • Gross Rent Multiplier: $13
  • Gross Scheduled Income: $34200
  • Heating/Cooling: Forced Air
  • Insurance Expenses: $1000
  • Net Operating Income: $28310
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 4
  • Rent Unit 1: $1550
  • Rent Unit 2: $1300
  • Roof: Composition
  • Square Feet Unit 1: 1000
  • Square Feet Unit 2: 700
  • Total Expenses: $5890, $5890
  • Total Monthly Income: $2850
  • Vacancy Rate: 1
  • Water Source: Public
  • Water/Sewer/Garbage: 1320
Courtesy of Windermere Real Estate Whatcom
©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 2019-05-20

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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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