14 xx Texas St, Bellingham, WA 98226

$1,500,000
5,000
SqFt

Listing courtesy of Lakeway Realty, Inc..

List Price
$1,500,000
Status
ACTIVE
MLS#
1223036
Days on Market
8
Style
55 - 5-9 Units
Building Condition
Very Good
Finished SqFt
5,000
Lot Size (sq ft)
12,500

Property Description

BRAND NEW 5-plex... an enclave of designer investment homes! Unique 5-plex opportunity. Approx. gross rents are $8250/month making this a 5% CAP. Situated near the core of downtown Bellingham just a short walk to Trader Joe's, the Railroad trail system & local breweries. Architecturally efficient design featuring luxury finishes throughout. Attached storage room would make for a perfect home office. New construction multi-family is impossible to find!

Additional Information

List Date
2017-12-02 00:00:00
Community
Bellingham
Property Type
MULT
Units
5
Stories
2
Potential Terms
Cash Out, Conventional
Year Built
2017
Total Parking
6
Uncovered Parking
6
Exterior
Cement Planked
Roof
Composition
Site Features
Fenced-Partially, Patio
Lot Details
Corner Lot, Curbs, Paved Street, Sidewalk
School District
Bellingham
Total Monthly Income
$8,250
Gross Scheduled Income
$99,000
Gross Adjusted Income
$99,000
Tax Year
2017
Net Operating Income
$75,000
Gross Rent Multiplier
181
Cap Rate
5

Room Dimensions

Unit 1 Beds
2
Unit 1 Baths
1.50
Unit 1 Size
1000
Unit 1 Rent
$1,650
Unit 2 Beds
2
Unit 2 Baths
1.50
Unit 2 Size
1000
Unit 2 Rent
$1,650
Unit 3 Beds
2
Unit 3 Baths
1.50
Unit 3 Size
1000
Unit 3 Rent
$1,650
Unit 4 Beds
2
Unit 4 Baths
1.50
Unit 4 Size
1000
Unit 4 Rent
$1,650
Unit 5 Beds
2
Unit 5 Baths
1.50
Unit 5 Size
1000
Unit 5 Rent
$1,650

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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