Bought with Coldwell Banker Bain
$1,300,000
$1,500,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
1.54 Acres Lot
SOLD DATE : 09/13/2019
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Everson
MLS Listing ID 1181814
Sold Date 09/13/19
Style 61 - Comm Bldg Ovr 10K
Year Built 1999
Annual Tax Amount $11,094
Lot Size 1.540 Acres
Property Description
Ideal multi office building w/ spacious 2500 SF 3 bedroom apt & second 2 bedroom apt. Perfect live/work facility. Strong existing leases & 90% occupied. High traffic & easy access just minutes to Bellingham & Lynden. Includes undeveloped land for expansion of up to 2 duplexes. Perfect mixed use investment w/excellent cash flow & upside potential. Next to Raspberry Ridge Golf Course. Strong Capitalization rate of 8%. Owner will rent back residential unit for up to 1 yr. & manage bldg. ongoing.
Location
State WA
County Whatcom
Area 865 - Meridian
Interior
Interior Features Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet
Flooring Ceramic Tile, Hardwood, Vinyl, Carpet
Fireplace No
Exterior
Exterior Feature Cement/Concrete, Metal/Vinyl
Utilities Available Septic System, Electricity Available, Natural Gas Connected
Roof Type Composition
Building
Sewer Septic Tank
Water Public
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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