Brandon Nelson Partners

1500 E Victor, Bellingham, WA

$2,650,000

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7,700

Square feet

0.50

Acres

About 1500 E Victor

Excellent investment potential with this well-maintained 10-plex in Columbia! Generating over $16k/mo in rents, this single-level complex boasts an NOI of $167k, offering a 6.2% cap rate with plenty of room for more. Ideally located near downtown, shopping, Cornwall Park, and I-5, you'll have no trouble keeping it full. Six units have 2 beds + 1 bath while the other four have 1 + 1. Seven of the units have been fully remodeled + updated in the past 12 months. Renovations include: NEW appliances, NEW int. paint, NEW flooring + cabinets, NEW lighting, vinyl windows, fenced dog area, updated landscaping, and repainted parking. Coin-op laundry adds another $100+ in monthly income. Phenomenal 1031 opportunity as well!

Features of 1500 E Victor

MLS® # 2004559
Price $2,650,000
Bathrooms 0.00
Square Footage 7,700
Acres 0.50
Year Built 1969
Type Residential Income
Sub-Type Multi-Family
Status Active

Community Information

Address 1500 E Victor
Area 860 - Bellingham
Subdivision Bellingham
City Bellingham
County Whatcom
State WA
Zip Code 98225

Amenities

Parking Spaces 20
Is Waterfront No

Interior

Interior Features Wall to Wall Carpet
Fireplace No
# of Stories 1

Exterior

Exterior Features Cement/Concrete, Stucco
Lot Description Paved, Sidewalk

School Information

District Bellingham
Elementary Parkview Elem
Middle Whatcom Mid
High Bellingham High

Additional Information

Days on Market 60
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBrandon Nelson Partners

Listing Map

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