3613 Consolidation Avenue, Bellingham, WA 98225
- $17,000,000
- 47,097
- SqFt
Listing courtesy of Muljat Group.
- List Price
- $17,000,000
- Status
- ACTIVE
- MLS#
- 2301403
- Days on Market
- 453
- Style
- 56 - 10+ Units
- Building Condition
- Very Good
- Finished SqFt
- 47,097
- Area Total SqFt
- 47097
- Annual Tax Ammount
- 10500
- Lot Size (sq ft)
- 23,775
- 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, Western Washington University and local amenities. The 20 lower-level garage spaces offer additional income, plus additional surface parking is available. In addition to the tenants paying all utilities, the property has approx 5 years left on an 8 year tax abatement on the improvements. Be a part of the exciting redevelopment of the very popular Samish area. For more info regarding the Opportunity Zone & Urban Village Plan visit the City of Bellingham planning website.
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Additional Information
- List Date
- 2023-07-21 04:14:09
- Community
- Sehome
- Net Operating Income
- $790,960
- Gross Adjusted Income
- $980,870
- Gross Scheduled Income
- $990,780
- Total Monthly Income
- $82,565
- Insurance Expenses
- $19,600
- Water/Sewer/Garbage Expenses
- $40,801
- Gross Rent Multiplier
- 17.16
- Total Expenses
- $189,912
- Cap Rate
- 4.65
- Vacancy Rate
- 1
- Total Number of Units
- 6
- 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
- 7234
- Other Expenses
- 111777
- Energy Source
- Electric
- School District
- Bellingham
- Total Monthly Income
- $82,565
- Gross Scheduled Income
- $990,780
- Vacancy Rate
- 1
- Gross Adjusted Income
- $980,870
- Tax Year
- 2024
- Insurance Expense
- $19,600
- W/S/G Expenses
- $40,801
- Total Expenses
- $189,912
- Net Operating Income
- $790,960
- Gross Rent Multiplier
- 17.16
- Cap Rate
- 4.65
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.