- Listing #:
- 2140595
- Price:
- $21,000,000
- Status:
- Active
- Property Type:
- Multi-Family
- Type:
- 10+ Units
- # of Units:
- 37
- # of Acres:
- 0.63
- Year Built:
- 2021
- Comm/Assn:
- Sehome
- City:
- Bellingham
- County:
- Whatcom
- State:
- WA
- Zip:
- 98225
- Right of 1st Refusal:
- No
QR Code
Description
Location!!! This Property Is Inside The Samish Way Urban Village Plan. Built In 2021 Samish Flats Luxury Apartment Homes Offer All The Modern Amenities Including W/d In Units. Low Vacancies Can Be Attributed To The Convenient Location, Near I-5 And Western Washington University. The 20 Lower-level Garage Spaces Offer Additional Income. In Addition To The Tenants Paying All Utilities, The Property Enjoys An 8-year Tax Abatement On The Improvements. Owner Will Consider Partial Financing, Rate Negotiable, Price To Adjust Accordingly.
Property Features
- Cap Rate:
- - 3.9
- Covered Spaces:
- - 20
- Electric Expense:
- - 3840
- Exterior Features:
- - Cement Planked
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $984,732.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $18,000.00
- Leasable Area:
- - 37,207.00 Square Feet
- Lot Features:
- - Curbs
- - Dead End Street
- - Paved
- - Sidewalk
- Net Operating Income:
- - $819,571.00
- Amenities:
- - Elevator
- Gross Adjusted Income:
- - 975065
- Gross Rent Multiplier:
- - 22.03
- Leased Items:
- - None
- Parking Uncovered Spaces:
- - 36
- Site Features:
- - Cable TV
- - Fenced-Partially
- - High Speed Internet
- Style Code:
- - 56 - 10+ Units
- Total Expenses:
- - 155493
- Total Monthly Income:
- - 82061
- Units Below Grade:
- - false
- Vacancy Rate:
- - 1
- Water Sewer Garbage:
- - 21250
- Zoning Class:
- - Multi-Family
- Zoning Jurisdiction:
- - City
- Open Parking Spaces:
- - 36
- Open Parking Y/N:
- - Yes
- Other Expense:
- - 101049
- Parcel Number:
- - 3803314661450000
- Possible Use:
- - Multi-Family
- Property Condition:
- - Very Good
- :
- - Mountain(s)
- - Territorial
- Security Features:
- - FullyFenced
- Stories Total:
- - 6
- Structure Type:
- - Multi Family
- Annual Tax Amount:
- - $11,354.00
- Tax Year:
- - 2023
- View Y/N:
- - Yes
- Water Source:
- - Public