3613 Consolidation Ave - Apartments FOR SALE


Bellingham, WA 98225- Samish Hill
$15,000,000 USD
360-319-1232
3613 Consolidation Ave, Bellingham, WA for Sale
$15,000,000 USD
Apartments - FOR SALE
1/12
null | 5.87% Cap Rate

3613 Consolidation Ave
Bellingham, WA 98225
Samish Hill


OVERVIEW

Location!!! This property is inside the Samish Way Urban Village Plan (Click on linked URL for more information). Built in 2021 Samish Flats luxury apartment homes offer all the modern amenities including w/d in units. Low vacancies can be attributed to the convenient location, near I-5, Western Washington University and local amenities. The 20 lower-level garage spaces offer additional income. Tenants pay all utilities. Approx 5 years left of the 8-year tax abatement, property taxes are currently on land only. Buyer to verify all information. For more information & showings please contact the listing agent. For more info regarding the Opportunity Zone & Urban Village Plan visit the City of Bellingham planning website (URL links attached)

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$394 USD /SF

# OF UNITS

37

PRICE/UNIT

$405,405

CAP RATE

5.87%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Samish Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

Commercial

APN/PARCEL ID

380331-466145-0000

ASK ABOUT THIS PROPERTY

Barb DavisonThe Muljat GroupMore Info
360-319-1232

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Barb DavisonThe Muljat GroupMore Info
360-319-1232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.