7672 sqft | 0.34 acres | #2169586
Description
Investor Opportunity! 8.2% (ish) Cap Rate!! Ask price is $149K per Unit. Huge financial upside possibility, these 8 units are already condominimized, if one was to sell separately @ $249K per condo, one would expect an immediate return of an $800K profit. (Less closing costs) Units are 2 bedrooms, 2 Baths, averaging 952 SQFT. If rents averaged $1,250 or $10K per Month / $120K per year. Current rents range in the $1,100 - $1,375 per month range. With a little effort, rent could be closer to $1,450 per month, This would create a 9.76 Cap. Lots of upside! Building is well situated, decent elevation, new construction methods and was not effected in the past Sumas floods. Or- The Condominium Building could be purchased by 8 separate individuals.
Interior Details
- InteriorWall to Wall Carpet
Property Details
- Exterior FeaturesHigh Speed Internet
- Lot DescriptionPaved, Sidewalk
- ViewMountain(s)
- Exterior MaterialsWood
- Stories2
Measurements
- Acres0.3409
- Square Feet7672
Construction Details
- Style55 - 5-9 Units
- Property TypeMulti-Family
Condition
- Year Built1993
Material information
- FoundationPoured Concrete
Utilities / Energy Details
- Sewer InformationSewer Connected
- Utility SourceCommunity
Community and Neighborhood Details
- SubdivisionSumas
Location
- High SchoolNooksack Vly High
- Middle SchoolNooksack Vly Mid
- School DistrictNooksack Valley
- Elementary SchoolSumas Elem
- CountyWhatcom
Financial Details
- Original List Price$1,192,000
- Taxes Annual$12,674
- Days on Market (Cumulative)195
Other
- MLS #2169586
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2023-12-01 00:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Keith Cook (#NWM84626)
Listing Office: RE/MAX Whatcom County, Inc. (#NWM9947)
Listing Courtesy (Buyer)
Buyer's Agent: Ashton Claire Atkinson Dellinger (#NWM135428)
Buyer's Office: eXp Realty (#NWM5861)
