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Listing 4 out of 25
$5,900,000 Pending Feasibility

194 E Bakerview Rd
Bellingham, WA 98226

47 units | Multi Family Home
1.07 acres - MLS# 1396901 Courtesy of Windermere Real Estate Whatcom
Property Photo
1/21

Description

True 5.76% Cap – New construction completed in late 2017 with 100% occupancy - 47 unit MF building on E Bakerview. The building has 40 studio apartments and 7 ground floor micro office suites with 52 parking spaces. Each studio unit features a HVAC, W/D, dishwasher, & 30 gal hot water tank. The timing is right on this new Bellingham apartment building.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • New Construction: Y
  • Listing Status: Pending Feasibility
  • County/Area: Whatcom County
  • Zip Code: 98226
  • Year Built: 2017
  • School District: Bellingham
  • Sq.Ft.: 21,589 sq ft
  • Units: 47 units
  • # of Parking Spaces: 52
  • Lot Size: 1.07 acres
  • View: City, Partial, Territorial
  • Area: Bellingham
  • Amenities: Fire Sprinklers, Thermal Windows
  • Area Number: 860
  • Bathrooms Unit 1: 1.00
  • Bathrooms Unit 2: 1.00
  • Bathrooms Unit 3: 1.00
  • Bathrooms Unit 4: 1.00
  • Bathrooms Unit 5: 1.00
  • Bathrooms Unit 6: 1.00
  • Building Condition: Very Good
  • Cap Rate - NOI div LP: 5.76
  • Electrical Expenses: $18461
  • Energy Source(heat): Electric
  • Exterior: Cement Planked
  • Floor Covering: Laminate Hardwood, Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete, Slab
  • General Zoning Class: Business, Commercial, Multi-Family, Office, Retail
  • Gross Adjusted Income: $467519
  • Gross Rent Multiplier: $12
  • Gross Scheduled Income: $477060
  • Heating/Cooling: Central A/C, Forced Air
  • Insurance Expenses: $5577
  • Lot Details: Paved Street, Sidewalk
  • Lot Dimensions: 166x281x165x282
  • Net Operating Income: $339906
  • New Construction Details: Completed
  • Number of Stories in Building: 3
  • Number of Uncovered Spaces: 52
  • Other Expenses: $43960
  • Power Company: Pse
  • Rent Unit 1: $851
  • Rent Unit 2: $851
  • Rent Unit 3: $851
  • Rent Unit 4: $851
  • Rent Unit 5: $851
  • Rent Unit 6: $851
  • Roof: Composition
  • Sewer Company: City Of Bellingham
  • Site Features: Cable TV, Deck
  • Square Feet Unit 1: 320
  • Square Feet Unit 2: 320
  • Square Feet Unit 3: 320
  • Square Feet Unit 4: 320
  • Square Feet Unit 5: 320
  • Square Feet Unit 6: 320
  • Total Expenses: $127613, $127613
  • Total Monthly Income: $37399
  • Vacancy Rate: 2
  • Water Company: City Of Bellingham
  • Water Source: Public
  • Water/Sewer/Garbage: 10615
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 2019-03-26

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