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+12069102985
eXp Realty
2828 2830 Valencia Street, Bellingham, WA 98226
Listing Broker: RE/MAX Whatcom County, Inc.; Keith Cook; 360-739-5600; Keith@BuyerMax.com
- $627,000
- 2,176
- SqFt
- List Price
- $627,000
- Status
- ACTIVE
- MLS#
- 2598302
- Style
- 52 - Duplex
- Finished SqFt
- 2,176
- Area Total SqFt
- 2176
- Annual Tax Ammount
- 5720
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
Property Description
EXCELLENT INVESTMENT OPPORTUNITY – PRICED BELOW RECENT $720,000 APPRAISAL! Well-located Bellingham duplex offering tremendous value and rental income upside! Each spacious two-story unit features 2 bedrooms, 2 full baths and approximately 1,088 sq ft, with a bedroom and bathroom on each level. The upper level provides a private bedroom suite with generous closet space. Each unit includes an eat-in kitchen, private patio and lawn area, covered parking, laundry area and storage shed. Conveniently located adjacent to trails and just minutes from Barkley Village, Regal Cinema, restaurants and shopping. Projected market rents approaching $4,500 per month combined offer excellent potential for increased cash flow and long-term appreciation. The neighboring duplex at 2816/2818 Valencia St is also available, creating a rare opportunity to acquire two adjacent income-producing properties!
Additional Information
- Community
- Roosevelt
- Net Operating Income
- $29,185
- Gross Adjusted Income
- $40,200
- Gross Scheduled Income
- $40,200
- Total Monthly Income
- $3,350
- Insurance Expenses
- $1,438
- Water/Sewer/Garbage Expenses
- $3,857
- Gross Rent Multiplier
- 15.6
- Total Expenses
- $11,015
- Cap Rate
- 4.65
- Total Number of Units
- 2
- Unit Name
- 2828 2830
- Potential Terms
- Cash, Conventional
- Year Built
- 1992
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet, Outbuildings, Patio
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Sunnyland Elem
- Middle School
- Whatcom Mid
- High School
- Squalicum High
- Total Monthly Income
- $3,350
- Gross Scheduled Income
- $40,200
- Gross Adjusted Income
- $40,200
- Tax Year
- 2026
- Insurance Expense
- $1,438
- W/S/G Expenses
- $3,857
- Total Expenses
- $11,015
- Net Operating Income
- $29,185
- Gross Rent Multiplier
- 15.6
- Cap Rate
- 4.65
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.