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Listing 9 out of 27
$1,395,000 For Sale

1205 Euclid Ave
Bellingham, WA 98229

4 units | Multi Family Home
1.47 acres - MLS# 1379091 Courtesy of Windermere Real Estate Whatcom
Property Photo
1/23

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: Active
  • 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
  • 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
  • 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 Monthly Income: $7980
  • Vacancy Rate: 3
  • Water Source: Public
  • Water/Sewer/Garbage: 4800
Courtesy of Windermere Real Estate Whatcom

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