1205 Euclid Avenue, Bellingham, WA 98229
- $1,395,000
Listing courtesy of Windermere Real Estate Whatcom. Selling Office: Windermere Real Estate Whatcom.
- Sold Price
- $1,395,000
- List Price
- $1,395,000
- Status
- SOLD
- MLS#
- 1379091
- Closing Date
- Mar 14, 2019
- Days on Market
- 89
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Annual Tax Ammount
- 5384
- Lot Size (sq ft)
- 64,033
- Sewer
- Sewer Connected
Property Description
The Euclid Avenue Apartments is a fully renovated 4-unit building on 1.47 acre in the Geneva neighborhood. With 3, 3-bedroom units, and 1, 2-bedroom unit, this property has high-end finishes, granite counter tops, stainless steel appliances, washer / dryers in each unit plus an accessory building. This 100% occupied property has a NOI of $73,517 and is offered at a 5.27% Cap Rate. Connected to city water and sewer, this turn-key property is ideal for an investor looking for consistent cash flow.
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Additional Information
- List Date
- 2018-12-15 00:00:00
- Community
- Geneva
- Net Operating Income
- $73,517
- Gross Adjusted Income
- $92,887
- Gross Scheduled Income
- $95,760
- Total Monthly Income
- $7,980
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $4,800
- Gross Rent Multiplier
- 14
- Total Expenses
- $22,242
- Cap Rate
- 5.27
- Vacancy Rate
- 3
- Total Number of Units
- 6
- Unit Name
- 1205
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1974
- View
- Territorial
- Roof
- Composition
- Site Features
- Outbuildings
- Electric Expenses
- 240
- Other Expenses
- 9374
- School District
- Bellingham
- Total Monthly Income
- $7,980
- Gross Scheduled Income
- $95,760
- Vacancy Rate
- 3
- Gross Adjusted Income
- $92,887
- Tax Year
- 2017
- Insurance Expense
- $2,000
- W/S/G Expenses
- $4,800
- Total Expenses
- $22,242
- Net Operating Income
- $73,517
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.27
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