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Listing 14 out of 25
Sold for $1,395,000 Sold

1205 Euclid Ave
Bellingham, WA 98229

4 units | Multi Family Home
1.47 acres - MLS# 1379091 Courtesy of Windermere Real Estate Whatcom
Property Photo

Sold

Sold for $1,395,000 on Mar 14, 2019

Description

The Euclid Avenue Apartments is a fully renovated 4-unit building on 1.47 acre in the Geneva neighborhood. With 3, 3-bedroom units, and 1, 2-bedroom unit, this property has high-end finishes, granite counter tops, stainless steel appliances, washer / dryers in each unit plus an accessory building. This 100% occupied property has a NOI of $73,517 and is offered at a 5.27% Cap Rate. Connected to city water and sewer, this turn-key property is ideal for an investor looking for consistent cash flow.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $1,395,000
  • County/Area: Whatcom County
  • Zip Code: 98229
  • Year Built: 1974
  • School District: Bellingham
  • Units: 4 units
  • Garage: 4+-Car
  • # of Parking Spaces: 4, 14
  • Lot Size: 1.47 acres
  • Area: Geneva
  • Area Number: 860
  • Bathrooms Unit 1: 1.50
  • Bathrooms Unit 2: 1.50
  • Bathrooms Unit 3: 1.50
  • Bathrooms Unit 4: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 3
  • Bedrooms Unit 3: 3
  • Bedrooms Unit 4: 2
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 5.27
  • Electrical Expenses: $240
  • Energy Source(heat): Electric, Natural Gas
  • Exterior: Metal/Vinyl
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Vinyl
  • Foundation: Concrete Block
  • Gross Adjusted Income: $92887
  • Gross Rent Multiplier: $14
  • Gross Scheduled Income: $95760
  • Heating/Cooling: Baseboard, Forced Air
  • Insurance Expenses: $2000
  • Lot Details: Secluded, Value In Land
  • Net Operating Income: $73517
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 8
  • Other Expenses: $9374
  • Rent Unit 1: $1995
  • Rent Unit 2: $1895
  • Rent Unit 3: $1995
  • Rent Unit 4: $1695
  • Roof: Composition
  • Selling Agent: Michael Reams
  • Selling Office: Windermere Real Estate Whatcom
  • Site Features: Outbuildings
  • Square Feet Unit 1: 1482
  • Square Feet Unit 2: 1356
  • Square Feet Unit 3: 1045
  • Square Feet Unit 4: 820
  • Total Expenses: $22242, $22242
  • Total Garage Capacity: 4
  • Total Monthly Income: $7980
  • Vacancy Rate: 3
  • Water Source: Public
  • Water/Sewer/Garbage: 4800
  • Sold Date: 2019-03-14 00:00:00
  • Sold Price: 1395000.00
Courtesy of Windermere Real Estate Whatcom
©NorthWest MLS 2019. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website is provided courtesy of NorthWest MLS. Real estate listings held by brokerage firms other than RE/MAX Whatcom County, Inc. are marked with the three trees logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2019-07-23

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