1852 N State Street, Bellingham, WA 98225
- $1,100,000
Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Bellwether Real Estate.
- Sold Price
- $1,100,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 1243985
- Closing Date
- May 29, 2018
- Days on Market
- 40
Property Description
7834 SQFT in 2 buildings, situated on .5 AC very high traffic volume, lighted intersection, great visibility, on site parking. 3 tenants. T-1) Enterprise Rental Corporate, 4.5 Years remaining, NNN T-2) Love to Move Studioz Gross Mo. to Mo. T-3) ABC Dance Gross Mo. to Mo. Buildings were renovated in 2007 and '14. Great passive income or owner user opportunity. High traffic volume with great visibility and access to both down town an I-5. Call Broker for showings.
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Additional Information
- Community
- Bellingham
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1939
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- I-5 to Iowa, West to State, South on State to property.
- Net Operating Income
- $70,719
- Gross Adjusted Income
- $84,059
- Gross Scheduled Income
- $88,261
- Cap Rate
- 5.66
- Vacancy Rate
- 5
- Total Expenses
- $13,340
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