1205 Euclid Avenue

1205 Euclid Ave Bellingham WA 98229

Listing #: 603312 | Status: Sold | Closing Date: 03/14/2019 | Last Modified: 3/14/2019 |

For Sale

1205 Euclid Ave Bellingham WA 98229

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionNo

Michael Reams

(360) 220-9128
michaelreams@windermere.com

Windermere - Whatcom Co.

(360) 676-5900

Listing Information
Price
Listing Price$ 1,395,000
$/SF$ 308.63
$/Unit$ 348,750.00
Listing StatusSold
Days On Market140
Asset ClassMulti-Family
Search TagsTownhomes
Closed Sales Only
Actual Sold Price$ 1,395,000
$/SF$ 308.63
Closing Date03/14/2019
Selling BrokerMichael Reams
Investment Information
Annual Expense Information
Expense Year2017
Real Estate Taxes$ 5,384
+Insurance$ 2,000
+Electricity$ 240
+Water/Sewer$ 4,800
+Other Expenses$ 9,374
=Total Exp.$ 21,798
Annual Operating Information
Gross Sch Rents$ 95,760.00
Vacancy %3.00%
+Other Income$ 2,500
=Effective Gross$ 95,387
-Total Expenses$ 21,798
=NOI$ 73,589
Financial Summary
CAP Rate5.27 %
GRM$ 14.57
$/Unit$ 348,750.00
Expense/Unit$ 5,424.50
Asset Class Information
# Units Beds/Baths Avg SqFT
4 Studio
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors2
# of Units4
Total Building Sq/ft4,520
Net Rentable Area4,520
Lot Sq/ft64,033
Acres1.47
Property Type
Property TypeMulti-Family
InvestmentYes
Location
CountyWhatcom
Market AreaWhatcom County
Tax ID #3803342464410000
ZoningUR3
Parking Information
# Covered Spaces4
# Uncovered Spaces8
Total Parking Spots12
Construction
Year Built1974
Year Renovated2007
Roof TypeComposition

Public Comments: 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 $73,589 and is offered at a 5.2% Cap Rate. Connected to city water and sewer, this turn-key property is ideal for an investor looking for consistent cash flow.

Public Building Comments: Four-plex in a private, quiet secluded area of Geneva on 1.47 acre w/mature firs and cedar trees w/a small creek running across the property. Built in the 1970's & updated in 2007 with new roof, windows, siding, extra insulation, flooring & major upgrades in the kitchens and baths. Lots of parking for cars, boats & RV. One detached garage w/metal roof. Two units have water catchment toilet flushing. Unit 1 in the back is one level. All units have views of surrounding trees.

Listing Images

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