Bought with Windermere Real Estate Whatcom
$5,700,000
$5,900,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
21,589 SqFt
SOLD DATE : 04/05/2019
Key Details
Sold Price $5,700,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 21,589 sqft
Price per Sqft $264
Subdivision Bellingham
MLS Listing ID 1396901
Sold Date 04/05/19
Style 56 - 10+ Units
Construction Status Completed
Year Built 2017
Annual Tax Amount $49,000
Lot Size 1.070 Acres
Lot Dimensions 166x281x165x282
Property 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.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Forced Air, Central A/C, Wall to Wall Carpet, Laminate Hardwood
Flooring Laminate, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Cement Planked
Utilities Available Cable Connected, Sewer Connected, Electric
Amenities Available Cable TV, Deck
Waterfront No
View Y/N Yes
View City, Partial, Territorial
Roof Type Composition
Building
Lot Description Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction Yes
Construction Status Completed
Schools
School District Bellingham
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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