1715 C Street, Bellingham, WA 98225

$621,000

Listing courtesy of RE/MAX Whatcom County, Inc.. Selling Office: Bellwether Real Estate.

Sold Price
$621,000
List Price
$600,000
Status
SOLD
MLS#
1476814
Closing Date
Aug 30, 2019
Days on Market
5
Annual Tax Ammount
3873
Offer Review Date
2019-06-24

Property Description

Classic Office Building in the heart of Bellingham, 7 professional offices with shared lounge that could be an 8th office, 2 bathrooms and an inviting waiting room. This beautiful building was renovated in the 1990s down to the studs by A1 Builders and is well maintained with updated plumbing, electrical, sewer line, windows, and insulation. Leases in place with longterm tenants. With 2 lots this property has longterm development potential under Urban Village Zoning.

Additional Information

Community
Bellingham
Building Condition
Good
Style
60 - Comm Bldg Und 10K
Year Built
1902
# of Assigned Spaces
14
Roof
Composition
Tax Year
2018
Potential Terms
Cash Out, Conventional
Interior Features
Hardwood, Wall to Wall Carpet
Flooring
Hardwood, Vinyl, Carpet
Driving Directions
From Dupont st turn NE on C St, corner of C St and Elsworth.
Other Expenses
17904
Net Operating Income
$17,789
Gross Adjusted Income
$41,160
Gross Scheduled Income
$42,000
Cap Rate
3
Vacancy Rate
2
Total Expenses
$23,371
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