4071 Home Rd

    Bellingham, WA 98226
    • $3,300,000
    • STATUS: Pending Feasibility
    • ON SITE: 140 days
    • ID#: 1397398
    Under Contract
    $3,300,000
    • 0
      BEDS
    • 0.71
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,180
      SQFT
    • $359
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:
    Area:

    School Ratings & Info

    School District:
    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    True 6.3% Cap " Echo Flats West was built in 1981 but received a major renovation converting the property into a 30 unit apartment building with 16 ground floor studios, 12 loft one bedrooms, and 2 huge two bedroom units w/ loft with 36 parking spaces plus cell tower lease. Centrally located near Starbucks, Fred Meyer, the new Costco with more commercial development to come. Great looking property with zero vacancy.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Deol Group | Katrina Eileen Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-05-24T00:17:52.557.

    www.thedeolgroup.com/homes/90578170

    4071 Home Rd Bellingham, WA 98226

    • Price: $3,300,000
    • Status: Pending Feasibility
    • ID#: 1397398
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.71
    Acres
    9,180
    SQFT
    $359
    $/SQFT
    1981
    Built
    Neighborhood:
    Bellingham
    County:
    Whatcom
    Area:
    Bellingham
    School District:
    Bellingham
    Property Description
    True 6.3% Cap " Echo Flats West was built in 1981 but received a major renovation converting the property into a 30 unit apartment building with 16 ground floor studios, 12 loft one bedrooms, and 2 huge two bedroom units w/ loft with 36 parking spaces plus cell tower lease. Centrally located near Starbucks, Fred Meyer, the new Costco with more commercial development to come. Great looking property with zero vacancy.
    Exterior Features

    Building Condition Remodeled Carport Spaces 0 Exterior Cement PlankedWoodWood Products Foundation Poured Concrete Garage Spaces 0 Lot Details CurbsDead End StreetPaved StreetSidewalk Lot Dimensions 103X304x103x304 Roof Composition Stories In Building 2 Style 56 - 6-9 Units Total Parking Spaces 34 Uncovered Spaces 34 View Territorial

    Interior Features

    Floor Covering HardwoodVinyl Heating And Cooling Central A/CDuctless HP-Mini Split Unit1 Bathrooms 1.00 Unit1 Bedrooms 0 Unit1 Fireplaces 0 Unit1 Sq Ft 0 Unit2 Bathrooms 1.00 Unit2 Bedrooms 0 Unit2 Fireplaces 0 Unit2 Sq Ft 0 Unit3 Bathrooms 1.00 Unit3 Bedrooms 0 Unit3 Fireplaces 0 Unit3 Sq Ft 0 Unit4 Bathrooms 1.00 Unit4 Bedrooms 0 Unit4 Fireplaces 0 Unit4 Sq Ft 0 Unit5 Bathrooms 1.00 Unit5 Bedrooms 0 Unit5 Fireplaces 0 Unit5 Sq Ft 0 Unit6 Bathrooms 1.00 Unit6 Bedrooms 0 Unit6 Fireplaces 0 Unit6 Sq Ft 0 Units Below Grade N

    Property Features

    Amenities Fire SprinklersThermal Windows Bank Owned No Cap Rate 5.90 Electrical Expenses 8420 Energy Source Electric EPSEnergy 0 Form17 Provided General Zoning Classification CommercialMulti-Family Gross Adjusted Income 276815 Gross Rent Multiplier 12 Gross Scheduled Income 268500 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 7025 Leased Items None Net Operating Income 206346 New Construction YN No Other Expenses 34882 Possession ClosingSub. Tenant's Rights Power Company Pse Right Of First Refusal No Septic Approved For Number Of Bedrooms 0 Sewer Sewer Connected Sewer Company Cob Site Features Cable TV Tax Amount 10136 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 70469 Total Expenses TEX 70469 Total Monthly Income 276815 Unit1 Monthly Rent 0 Unit2 Monthly Rent 0 Unit3 Monthly Rent 0 Unit4 Monthly Rent 0 Unit5 Monthly Rent 0 Unit6 Monthly Rent 0 Vacancy Rate 2 Water Company Cob Water Sewer Garbage 10006 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by The Deol Group | Katrina Eileen Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than The Deol Group | Katrina Eileen Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-05-24T00:17:52.557.

     
    The Deol Group | Katrina Eileen Real Estate
    701 Fifth Avenue
    Seattle WA, 98104
    Listing Courtesy of Windermere Real Estate Whatcom.