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    1717 Texas Street

    Bellingham, WA 98229
    • $3,000,000
    • STATUS: Sold
    • ON SITE: 46 days
    • ID#: 1760039
    Sold - 06/11/2021
    $3,000,000
    SOLD - 06/11/2021
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Re/Max Whatcom County, Inc..

    Description

    22-unit apartment complex in the heart of Bellingham. 6-2bd 1 bth, 15-1 bd 1 bth and 1 studio all with W/D and dishwashers. New siding, windows and sliders in 2018. Study the rents, this prime location and solid building and it becomes apparent why its only had a few owners since built AND you will see a nice current upside potential along with the rocksteady performance. Opportunities like this are few and far between and only because owner is leaving the state is this available for the next beneficiary. All numbers are actual 2020 COVID moratorium numbers and it still shines! Approximate $40,000 potential income increase (w/out increasing rents) at moratorium end makes this perfect timing! Sound familiar? See MLS #1762937

    Listing by Spencer Flannery. Sold by Westlake Associates, Inc..

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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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-12T10:14:23.223.

    www.recordrre.com/homes/116492373
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    1717 Texas Street Bellingham, WA 98229

    • Price: $3,000,000
    • Status: Sold
    • Updated: 31 min ago
    • ID#: 1760039
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    1976
    Built
    Neighborhood:
    Roosevelt
    County:
    Whatcom
    Area:
    Bellingham
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Bellingham
    Property Description
    22-unit apartment complex in the heart of Bellingham. 6-2bd 1 bth, 15-1 bd 1 bth and 1 studio all with W/D and dishwashers. New siding, windows and sliders in 2018. Study the rents, this prime location and solid building and it becomes apparent why its only had a few owners since built AND you will see a nice current upside potential along with the rocksteady performance. Opportunities like this are few and far between and only because owner is leaving the state is this available for the next beneficiary. All numbers are actual 2020 COVID moratorium numbers and it still shines! Approximate $40,000 potential income increase (w/out increasing rents) at moratorium end makes this perfect timing! Sound familiar? See MLS #1762937
    Exterior Features

    Carport Spaces 15 Carport YN No Covered Spaces 0 Exterior Features Cement Planked Open Parking Spaces 15 Open Parking YN Yes Parking Total 30 Parking Uncovered Spaces 15 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateCarpet Foundation Details Slab Furnished Unfurnished Heating Cooling Type Baseboard Heating YN Yes

    Property Features

    Electric Expense 0 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 241320 Insurance Expense 11536 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventional Net Operating Income 135028 New Construction YN No Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features Cable TvDeckHigh Speed Internet Special Listing Conditions None Tax Annual Amount 20181 Tax Year 2021 Total Expenses 61895 Units In Building Total 22 Utilities Cable ConnectedHigh Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 21634 Water Source Public Zoning Jurisdiction City

    Listing information © 2021 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 Engel & Völkers Federal Way 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 Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-06-12T10:14:23.223.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1760039-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1760039-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1760039-1.jpg
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    Engel & Völkers Federal Way
    2012 S. 320th St. Suite A
    Federal Way WA, 98003
    Listing Courtesy of Re/Max Whatcom County, Inc..