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Tiki Apartments

1500, Victor St, Bellingham, WA 98225
$1,895,000

Description

Tiki Apartments (Status: Pending)

1500, Victor St, Bellingham, WA  98225

10 Unit Apartment Building – Columbia Neighborhood – Bellingham, WA. Single level apartments consisting of SIX 2 Bedroom and FOUR 1 Bedroom Units. Believe it or not, the rents truly are below market value. Current Actual Rent is $9,325 per month. Market rent value should be in the $11,700 – $13,200 per month range. Current owners are out of state and did not want to increase the monthly rent. Laundry generates an additional $110 per month income. Desirably located in a predominately owner occupied neighborhood. So not lots of apartments in the surrounding area. Actual Cap rate is 4.7, with a proforma in the 6-7 Cap range. About 20 Parking Spots & Coin Opp Laundry Machines Included. This is it – act quick. Possible Seller Terms – Owner Contract. Please do not Disturb the Tenants!

Listing Details

Asset Class: Multi-Family
Year Built: 1969
Building Total Square Feet: 7700
Available Lease Space Square Feet:
Number of Floors: 1
Total Parking Spaces: 0
Local Zoning Information: Residential- Multi Family

CBA

Listing Courtesy of: RE/MAX Whatcom County, Inc.

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 1500, Victor St, Bellingham, WA 98225
  • City: Bellingham
  • State/county: WA
  • Zip/Postal Code: 98225
  • Neighborhood: Whatcom County
  • Country: United States

Detail

Updated on September 20, 2021 at 8:28 pm

  • Property ID: 642768
  • Price: $1,895,000.00/For Sale
  • Property Size: 7700 Sq Ft
  • Property Type: Multi-Family
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

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