3613 Consolidation Avenue, Bellingham, WA 98225
- $21,000,000
Listing courtesy of Muljat Group.
- List Price
- $21,000,000
- Status
- ACTIVE
- MLS#
- 2140595
- Days on Market
- 283
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 11354
- Lot Size (sq ft)
- 27,550
- Sewer
- Sewer Connected
Property Description
Location!!! This property is inside the Samish Way Urban Village Plan. Built in 2021 Samish Flats luxury apartment homes offer all the modern amenities including w/d in units. Low vacancies can be attributed to the convenient location, near I-5 and Western Washington University. The 20 lower-level garage spaces offer additional income. In addition to the tenants paying all utilities, the property enjoys an 8-year tax abatement on the improvements. Owner will consider partial financing, rate negotiable, price to adjust accordingly.
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Additional Information
- List Date
- 2023-07-20 18:44:12
- Community
- Sehome
- Net Operating Income
- $819,571
- Gross Adjusted Income
- $975,065
- Gross Scheduled Income
- $984,732
- Total Monthly Income
- $82,061
- Insurance Expenses
- $18,000
- Water/Sewer/Garbage Expenses
- $21,250
- Gross Rent Multiplier
- 22.03
- Total Expenses
- $155,493
- Cap Rate
- 3.9
- Vacancy Rate
- 1
- Total Number of Units
- 37
- Unit Name
- 3613
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2021
- View
- Mountain(s), Territorial
- Roof
- Metal
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Electric Expenses
- 3840
- Other Expenses
- 101049
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $82,061
- Gross Scheduled Income
- $984,732
- Vacancy Rate
- 1
- Gross Adjusted Income
- $975,065
- Tax Year
- 2023
- Insurance Expense
- $18,000
- W/S/G Expenses
- $21,250
- Total Expenses
- $155,493
- Net Operating Income
- $819,571
- Gross Rent Multiplier
- 22.03
- Cap Rate
- 3.9
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