2410 + 2412 Xenia, Bellingham, WA 98229

Great property with expansive backyard, vaulted ceilings, 3bed/2bath, two story, and below market rents. Current rent is $1,350 and $1,400. Market rent is $2,100+, with nearby recent rents at $2,300+. Cap Rate of 5.15% based on $2,100 market rent. The property was built in 1999, and has been well maintained. Owners can choose to rent one side out and live in the second unit, or increase both unit's rent. Both tenants are on month-to-month leases, giving the landlord flexibility on when to raise the rents.