Rent report generated Jan 8, 2025
The Rent Potential of
2600 Cherry St Bellingham, WA
is $3,040 – $3,550/mo.
Rent Advice
The property at 2600 Cherry St in Bellingham, WA, offers a rental revenue potential ranging from $3,040 to $3,550 monthly, assuming both units are rented at market rates. With the current market demand in Bellingham's Eldridge Historic District, the estimated payback period is favorable, particularly given its historical charm. The duplex, with new updates and a coin-operated laundry, appeals to long-term tenants. The primary challenge is maintaining competitive rents without overextending lease terms.
To enhance rental income, consider modernizing interior features such as kitchens and bathrooms. Energy-efficient upgrades can also appeal to eco-conscious tenants. If selling, emphasize the property's historical significance and recent updates. Highlighting proximity to local amenities can attract both investors and potential residents, ensuring a competitive edge in Bellingham's rental market.
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