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2513 Utter Street

Bellingham, WA 98225
  • $549,000
  • STATUS: Pending
  • ON SITE: 29 days
  • ID#: 1777237
Under Contract
UPDATED: 67 min ago
$549,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Brandon Nelson Partners.

Description

The core-neighborhood investment opportunity you've been waiting for! Nestled snugly in the heart of Columbia, this charming duplex offers the rare triple-threat of 1) positive cash flow, 2) appreciation-friendly location, and 3) significant room to add value. Building has solid bones and each side features 2 beds / 1 bath on a single level, with large windows and plenty of space. Lovely gardens in front wrap around to good-sized back yards and a large 2-car port with alley access. Current tenant pays $1100 and will be out at end of June. Pro-forma rents boast 5.5% cap, and can be much higher with some interior improvements. It's tough to beat an opportunity this good at this price, so come see it before it goes!

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-19T20:14:31.05.

www.nwhomeexperts.com/homes/117433860
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2513 Utter Street Bellingham, WA 98225

  • Price: $549,000
  • Status: Pending
  • Updated: 67 min ago
  • ID#: 1777237
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1978
Built
Neighborhood:
Columbia
County:
Whatcom
Area:
Bellingham
Elementary School:
Columbia Elem
Middle School:
Whatcom Mid
High School:
Bellingham High
School District:
Bellingham
Property Description
The core-neighborhood investment opportunity you've been waiting for! Nestled snugly in the heart of Columbia, this charming duplex offers the rare triple-threat of 1) positive cash flow, 2) appreciation-friendly location, and 3) significant room to add value. Building has solid bones and each side features 2 beds / 1 bath on a single level, with large windows and plenty of space. Lovely gardens in front wrap around to good-sized back yards and a large 2-car port with alley access. Current tenant pays $1100 and will be out at end of June. Pro-forma rents boast 5.5% cap, and can be much higher with some interior improvements. It's tough to beat an opportunity this good at this price, so come see it before it goes!
Exterior Features

Carport Spaces 2 Carport YN No Covered Spaces 2 Exterior Features BrickWood Products Lot Features AlleyCurbsPavedSidewalk Open Parking Spaces 0 Open Parking YN No Parking Total 2 Parking Uncovered Spaces 0 Roof Composition Structure Type Duplex Style Code 52 - Duplex View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Flooring LaminateCarpet Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

Property Features

Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 36000 Insurance Expense 900 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Lot Number Lot 4 Net Operating Income 30198 New Construction YN No Possible Use Multi-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvFenced-Partially Special Listing Conditions None Tax Annual Amount 4002 Tax Year 2021 Total Expenses 6802 Units In Building Total 2 Utilities Cable ConnectedSewer ConnectedElectricity Available Water Sewer Garbage 1900 Water Source Public Zoning Class Multi-Family Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-19T20:14:31.05.

 
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NW Home Experts
2211 Elliott Avenue Suite 200
Seattle WA, 98121
Listing Courtesy of Brandon Nelson Partners.