2411 Yew St Bellingham, WA 98229

5 Unit Investment Property, 6.8% CAP Rate

Price: $920,000
Address: 2411 Yew St
City: Bellingham
State: WA
Zip: 98229
Amenities: Washer Dryer
Bathrooms: 5
Bedrooms: 7
Broker Name: MLS4owners.com
Fee: No
Seller Type: Agent/Broker
Square Feet: 2500
Provided By: LinkURealty

Description:

five-plex investment property, 6.8% CAP rateLocated between Trader Joes and Alabama hill off (not on) Alabama street. Very stable and reliable situation. Solid and well maintained house. Figures: gross yearly income: $72456all yearly operating expenses: (repairs, insurance, utilities, taxes and charges): $11663net yearly income: $60843cap rate @ 900k = 6.8%Other details:All units but 1 are in superb shape and need no repairs or upgrades. building with one units will need new painting and capeting and minor upgrades after the tenants move out. All units received new water heaters within the last sixteen months. Well maintained property inside out. Outdoor area. Large parking lot. U-shaped complex. Vinyl siding. All tenants have been there several years and all of them have an outstanding record of paying on time. All tenants have a 1 yr lease. Asphalt shingle roofvinyl sidingTo my knowledge, the house needs no repair and it is well maintained. all units have washer-dryer.

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