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Listing 12 out of 25
Sold for $7,625,000 Sold
32 units | Multi Family Home
14993 sq ft lot - MLS# 1385298 Courtesy of Summerfield Commercial
Property Photo

Sold

Sold for $7,625,000 on Apr 17, 2019

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • New Construction: Y
  • Listing Status: Sold
  • Listing Price: $8,188,000
  • County/Area: Whatcom County
  • Zip Code: 98225
  • Year Built: 2018
  • School District: Bellingham
  • Sq.Ft.: 32,064 sq ft
  • Units: 32 units
  • Garage: 4+-Car
  • # of Parking Spaces: 18, 29
  • Lot Size: 14993 sq ft lot
  • View: Bay, City, Mountain, Ocean, Territorial
  • Area: Lettered Streets
  • Amenities: Fire Sprinklers
  • Area Number: 860
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 5.00
  • Electrical Expenses: $4000
  • Energy Source(heat): Electric
  • Exterior: Brick, Cement Planked
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Vinyl
  • Foundation: Poured Concrete
  • General Zoning Class: Commercial
  • Gross Adjusted Income: $486746
  • Gross Rent Multiplier: $16
  • Gross Scheduled Income: $501800
  • Heating/Cooling: Baseboard, Forced Air
  • Insurance Expenses: $4035
  • Lot Details: Corner Lot, Paved Street, Sidewalk
  • Net Operating Income: $419511
  • New Construction Details: Completed
  • Number of Stories in Building: 4
  • Number of Uncovered Spaces: 11
  • Other Expenses: $40814
  • Roof: Flat, See Remarks
  • Selling Agent: Ryan Kidwell
  • Selling Office: Summerfield Commercial
  • Site Features: Gated Entry, Sprinkler System
  • Total Expenses: $67235, $67235
  • Total Garage Capacity: 18
  • Vacancy Rate: 3
  • Water Source: Public
  • Water/Sewer/Garbage: 14000
  • Sold Date: 2019-04-17 00:00:00
  • Sold Price: 7625000.00
Courtesy of Summerfield Commercial
©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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