Bought with Windermere Real Estate Whatcom
$1,395,000
$1,395,000
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1.47 Acres Lot
SOLD DATE : 03/14/2019
Key Details
Sold Price $1,395,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Geneva
MLS Listing ID 1379091
Sold Date 03/14/19
Style 54 - 4-Plex
Year Built 1974
Annual Tax Amount $5,384
Lot Size 1.470 Acres
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.
Location
State WA
County Whatcom
Area 860 - Bellingham
Interior
Interior Features Forced Air, Ceramic Tile, Laminate Hardwood
Flooring Ceramic Tile, Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Utilities Available Sewer Connected, Electric, Natural Gas Connected
Amenities Available Outbuildings
Waterfront No
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Secluded, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Bellingham
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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