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Listing 7 out of 262
$1,500,000 For Sale

14 Texas St
Bellingham, WA 98226

5 units | Multi Family Home
12632 sq ft lot - MLS# 1223036 Courtesy of Lakeway Realty, Inc.
Property Photo
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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!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • New Construction: Y
  • Listing Status: Active
  • Listing Price: $1,500,000
  • County/Area: Whatcom County
  • Zip Code: 98226
  • Year Built: 2017
  • School District: Bellingham
  • Sq.Ft.: 5,000 sq ft
  • Units: 5 units
  • # of Parking Spaces: 6
  • Acres: 12632 sq ft lot
  • Area: Bellingham
  • Area Number: 860
  • Bathrooms Unit 1: 1.50
  • Bathrooms Unit 2: 1.50
  • Bathrooms Unit 3: 1.50
  • Bathrooms Unit 4: 1.50
  • Bathrooms Unit 5: 1.50
  • Bedrooms Unit 1: 2
  • Bedrooms Unit 2: 2
  • Bedrooms Unit 3: 2
  • Bedrooms Unit 4: 2
  • Bedrooms Unit 5: 2
  • Building Condition: Very Good
  • Energy Source(heat): Electric
  • Exterior: Cement Planked
  • Floor Covering: Vinyl, Wall to Wall Carpet
  • Foundation: Poured Concrete
  • General Zoning Class: Residential
  • Gross Adjusted Income: $99000
  • Gross Rent Multiplier: $181
  • Gross Scheduled Income: $99000
  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Net Operating Income: $75000
  • New Construction Details: Completed
  • Number of Stories in Building: 2
  • Number of Uncovered Spaces: 6
  • Power Company: Pse
  • Rent Unit 1: $1650
  • Rent Unit 2: $1650
  • Rent Unit 3: $1650
  • Rent Unit 4: $1650
  • Rent Unit 5: $1650
  • Roof: Composition
  • Sewer Company: Bellingham
  • Site Features: Fenced-Partially, Patio
  • Square Feet Unit 1: 1000
  • Square Feet Unit 2: 1000
  • Square Feet Unit 3: 1000
  • Square Feet Unit 4: 1000
  • Square Feet Unit 5: 1000
  • Street Number Modifier: Xx
  • Total Monthly Income: $8250
  • Water Company: Bellingham
  • Water Source: Public
  • Sold Date: 1800-01-01 00:00:00
Courtesy of Lakeway Realty, Inc.

Robert Merhaut
ReMax Whatcom
Bellingham, WA 98229

360-319-1938
Contact Us

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913 Lakeway Dr - Bellingham, WA 98229
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