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For more information on this listing, please contact...
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T.C. Hyatt
425-775-2466
425-308-5270
Email
  • Listing #:
    • 1117912
  • Price:
    • $17,995,000
  • Status:
    • Active
  • Property Type:
    • Multi-Family
  • Type:
    • 10+ Units
  • # of Units:
    • 66
  • # of Acres:
    • 1.84
  • Lot Sq.Ft.:
    • 80,150
  • Year Built:
    • 2001
  • School Dist:
    • Bellingham
  • Address:
    • 2516 2536 Douglas Ave
  • Community:
    • Bellingham
  • City:
    • Bellingham
  • County:
    • Whatcom
  • State:
    • WA
  • Zip:
    • 98225
  • Terms:
    • Cash Out, Conventional
  • Right of 1st Refusal:
    • No
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Description
This Property Is A 66 Unit Apartment Complex In An Ideal Location Within Walking Distance Of Wwu. 6 Buildings With 11 Units A Piece, Each Comprised Of 4- Four Bedroom Units, 2- Three Bedroom Units, 4- Two Bedroom Units, And 1- One Bedroom Unit. Each Unit Includes A Washer And Dryer. All Units Are Leased Through August Of 2018. Net Annual Operating Income Of $921,500= 5.12% Cap. ***financing Available - 3.7% P&i, 25 Year Amortization,fixed For 7 Years, No Points,3,2,1,1,1 Prepay.
Property Features
  • Unit 1
    • Rent Unit 1:
      • - $795.00
    • Square Feet Unit 1:
      • - 475.00
    • Bedrooms Unit 1:
      • - 1
    • Bathrooms Unit 1:
      • - 1.00
    • Refrigerator Unit 1:
      • - Yes
    • Range/oven Unit 1:
      • - Yes
    • Dishwasher Unit 1:
      • - Yes
    • Fireplaces Unit 1:
      • - 3
    • Washer/dryer Unit 1:
      • - Yes
    • Description Unit 1:
      • - 6
  • Unit 2
    • Rent Unit 2:
      • - $995.00
    • Square Feet Unit 2:
      • - 650.00
    • Bedrooms Unit 2:
      • - 2
    • Bathrooms Unit 2:
      • - 1.00
    • Refrigerator Unit 2:
      • - Yes
    • Range/oven Unit 2:
      • - Yes
    • Dishwasher Unit 2:
      • - Yes
    • Fireplaces Unit 2:
      • - 12
    • Washer/dryer Unit 2:
      • - Yes
    • Description Unit 2:
      • - 24
  • Unit 3
    • Rent Unit 3:
      • - $1,605.00
    • Square Feet Unit 3:
      • - 1,065.00
    • Bedrooms Unit 3:
      • - 3
    • Bathrooms Unit 3:
      • - 2.00
    • Refrigerator Unit 3:
      • - Yes
    • Range/oven Unit 3:
      • - Yes
    • Dishwasher Unit 3:
      • - Yes
    • Fireplaces Unit 3:
      • - 6
    • Washer/dryer Unit 3:
      • - Yes
    • Description Unit 3:
      • - 12
  • Unit 4
    • Rent Unit 4:
      • - $2,060.00
    • Square Feet Unit 4:
      • - 1,250.00
    • Bedrooms Unit 4:
      • - 4
    • Bathrooms Unit 4:
      • - 2.00
    • Refrigerator Unit 4:
      • - Yes
    • Range/oven Unit 4:
      • - Yes
    • Dishwasher Unit 4:
      • - Yes
    • Fireplaces Unit 4:
      • - 12
    • Washer/dryer Unit 4:
      • - Yes
    • Description Unit 4:
      • - 24
  • Unit 5
    • Bathrooms Unit 5:
      • - 0.00
  • Unit 6
    • Bathrooms Unit 6:
      • - 0.00
  • Building Details
    • # Of Stories In Building:
      • - 4
    • Units Below Grade:
      • - No
    • Amenities:
      • - Thermal Windows
    • Building Condition:
      • - Very Good
    • Floor Covering:
      • - Vinyl
      • - Wall To Wall Carpet
    • Heating And Cooling:
      • - Baseboard
  • Misc Details
    • Form 17:
      • - Provided
    • Approved Number Of Bedrooms:
      • - 186
    • Leased Items:
      • - None
  • Tax Details
    • Tax Amount:
      • - $73,599.00
    • Tax Year:
      • - 2017
  • Finance Details
    • Gross Rent Multiplier:
      • - 16
    • Cap Rate - Noi Div Lp:
      • - 5.12
  • Income
    • Gross Adjusted Income:
      • - $1,150,920.00
    • Gross Scheduled Income:
      • - $1,150,920.00
    • Net Operating Income:
      • - $921,526.00
    • Total Monthly Income:
      • - $95,910.00
  • Expenses
    • Electrical Expenses:
      • - $2,200.00
    • Insurance Expenses:
      • - $15,900.00
    • Water / Sewer / Garbage:
      • - $30,900.00
    • Other Expenses:
      • - $106,787.00
    • Total Expenses:
      • - $229,386.00
    • Total Expenses:
      • - $229,386.00
  • Waterfront and Views
    • View Details:
      • - Mountain
      • - Territorial
  • Construction Details
    • Exterior:
      • - Metal / Vinyl
    • Foundation:
      • - Poured Concrete
    • Roof:
      • - Composition
  • Lot Details
    • Features:
      • - Curbs
      • - Paved Street
      • - Secluded
      • - Sidewalk
    • Site Features:
      • - Cable Tv
      • - Fenced-partially
      • - High Speed Internet
      • - Patio
  • Parking
    • Total # Of Parking:
      • - 120
    • # Of Uncovered Spaces:
      • - 120
  • Utilities
    • Energy Source:
      • - Electric
      • - Natural Gas
    • Power Company:
      • - Pse
    • Sewer Company:
      • - City Of Bellingham
    • Water Source:
      • - Public
    • Water Company:
      • - City Of Bellingham
  • Zoning
    • General Zoning Classification:
      • - Multi-family
    • Zoning Jurisdiction:
      • - City
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For more information on this listing, please contact...
Branding Photo
T.C. Hyatt
425-775-2466
425-308-5270
Email

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