Diana Burgon
EXP Realty

Realtor® | CRS | MCNE
Bellingham, Washington
360-927-8588
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Listing 16 out of 81
$1,395,000 For Sale

1205 Euclid Ave
Bellingham, WA 98229

4 units | Multi Family Home
1.47 acres - MLS# 1379091 Courtesy of Windermere Real Estate Whatcom
Property Photo
1/23

Description

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 $73,517 and is offered at a 5.27% Cap Rate. Connected to city water and sewer, this turn-key property is ideal for an investor looking for consistent cash flow.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Whatcom County
  • Zip Code: 98229
  • Year Built: 1974
  • School District: Bellingham
  • Units: 4 units
  • Garage: 4-Car
  • # of Parking Spaces: 4, 14
  • Lot Size: 1.47 acres
  • Area: Geneva
  • Area Number: 860
  • Bathrooms Unit 1: 1.50
  • Bathrooms Unit 2: 1.50
  • Bathrooms Unit 3: 1.50
  • Bathrooms Unit 4: 1.00
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 3
  • Bedrooms Unit 3: 3
  • Bedrooms Unit 4: 2
  • Building Condition: Very Good
  • Electrical Expenses: $240
  • Energy Source(heat): Electric, Natural Gas
  • Exterior: Metal/Vinyl
  • Floor Covering: Ceramic Tile, Laminate Hardwood, Vinyl
  • Foundation: Concrete Block
  • Gross Adjusted Income: $92887
  • Gross Rent Multiplier: $14
  • Gross Scheduled Income: $95760
  • Heating/Cooling: Baseboard, Forced Air
  • Insurance Expenses: $2000
  • Lot Details: Secluded, Value In Land
  • Net Operating Income: $73517
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 8
  • Other Expenses: $9374
  • Rent Unit 1: $1995
  • Rent Unit 2: $1895
  • Rent Unit 3: $1995
  • Rent Unit 4: $1695
  • Roof: Composition
  • Site Features: Outbuildings
  • Square Feet Unit 1: 1482
  • Square Feet Unit 2: 1356
  • Square Feet Unit 3: 1045
  • Square Feet Unit 4: 820
  • Total Expenses: $22242, $22242
  • Total Monthly Income: $7980
  • Vacancy Rate: 3
  • Water Source: Public
  • Water/Sewer/Garbage: 4800
Courtesy of Windermere Real Estate Whatcom


Diana Burgon
EXP Realty

Realtor® | CRS | SRS | ABR | MCNE | e-PRO | REDM
2219 Rimland Dr Ste. 301
Bellingham, WA 98226
Phone: 360-927-8588
Email: diana@burgonteam.com

Testimonials

Diana is not only very knowledgeable about real estate in the Whatcom community but has had many experiences to entice one to live and travel around the Pacific Northwest. I have had some negative experiences with past realtors in other parts of the country and can honestly say that she is the most likable and unobtrusive person that I have had the pleasure to work with on finding the perfect fit for us. Sherri Guiton
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