2926 Kulshan Street, Bellingham, WA 98225

$795,000
1,964
SqFt

Listing courtesy of Muljat Group. Selling Office: Hansen Group Real Estate Inc.

Sold Price
$795,000
List Price
$795,000
Status
SOLD
MLS#
2182763
Closing Date
Jan 31, 2024
Days on Market
42
Style
52 - Duplex
Finished SqFt
1,964
Area Total SqFt
1964
Annual Tax Ammount
5208
Lot Size (sq ft)
10,019
Sewer
Sewer Connected

Property Description

Investment opportunity! Duplex on double corner lot in the Columbia neighborhood. Potential for future development or subdividing of the property. Unit one: 3 bedroom/2bath with single car garage and laundry. Unit 2: 2 bedroom/1bath with single car garage and laundry. Please note Approx. sq feet is estimated. Large corner lot offers huge sports court and detached garage with fenced back yard. Water, Sewer & Electric paid by tenants. Other expenses listed in financial information includes property management fees, repairs, and landscaping. Central location with walking distance to fountain district, and downtown.

Additional Information

List Date
2023-12-20 00:00:00
Community
Bellingham
Net Operating Income
$28,073
Gross Adjusted Income
$36,000
Gross Scheduled Income
$36,000
Total Monthly Income
$3,000
Insurance Expenses
$968
Gross Rent Multiplier
22.08
Total Expenses
$11,415
Cap Rate
3.5
Total Number of Units
2
Unit Name
2926
Potential Terms
Cash Out, Conventional
Year Built
1952
Roof
Composition
Other Expenses
5239
Energy Source
Electric, Natural Gas
School District
Bellingham
Total Monthly Income
$3,000
Gross Scheduled Income
$36,000
Gross Adjusted Income
$36,000
Tax Year
2023
Insurance Expense
$968
Total Expenses
$11,415
Net Operating Income
$28,073
Gross Rent Multiplier
22.08
Cap Rate
3.5
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