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2222 Valencia Street

Bellingham, WA 98229
  • $1,925,000
  • STATUS: Pending Inspection
  • ON SITE: 67 days
  • ID#: 1777351
Under Contract
UPDATED: 37 min ago
$1,925,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1981
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Courtesy of Windermere Real Estate Whatcom.

Description

10-unit apartment complex in prime rental district. (6) 1 bed/1 bath units and (4) 2 bed/1 bath units. All units include appliances and washer/dryers. Rental rates are COVID moratorium numbers and can only go up! This building has had over $170,000 in improvements in the last 5 years, including new metal roof, new hardie siding, all new handrails and decking and all new windows throughout. Additionally seller replaced water, sewer and storm pipes prior to new pavement being installed summer of 2020. Some units have had full remodels while others have had updates to appliances and flooring. Only 3 units left with original finishes.

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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 Becky Barrick & Associates | Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-26T19:14:30.04.

www.lovewashingtonliving.com/homes/117375533
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2222 Valencia Street Bellingham, WA 98229

  • Price: $1,925,000
  • Status: Pending Inspection
  • Updated: 37 min ago
  • ID#: 1777351
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1981
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
10-unit apartment complex in prime rental district. (6) 1 bed/1 bath units and (4) 2 bed/1 bath units. All units include appliances and washer/dryers. Rental rates are COVID moratorium numbers and can only go up! This building has had over $170,000 in improvements in the last 5 years, including new metal roof, new hardie siding, all new handrails and decking and all new windows throughout. Additionally seller replaced water, sewer and storm pipes prior to new pavement being installed summer of 2020. Some units have had full remodels while others have had updates to appliances and flooring. Only 3 units left with original finishes.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement Planked Lot Features Paved Open Parking Spaces 17 Open Parking YN Yes Parking Total 17 Parking Uncovered Spaces 17 Roof Metal Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

Interior Features

Fireplace YN No Flooring LaminateVinyl Plank Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes

Property Features

Association Fee 0 Association Fee Frequency Annually Electric Expense 101 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 119100 Insurance Expense 3480 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalFha Net Operating Income 86448 New Construction YN No Possible Use IndustrialMulti-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 6003 Tax Year 2020 Total Expenses 32653 Units In Building Total 10 Utilities High Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 8404 Water Source Public Zoning Class IndustrialMulti-Family 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 Becky Barrick & Associates | Keller Williams Realty 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 Becky Barrick & Associates | Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-26T19:14:30.04.

 
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Becky Barrick & Associates | Keller Williams Realty
1029 E. Main Street, Suite 201
Puyallup WA, 98372
Listing Courtesy of Windermere Real Estate Whatcom.