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    3205 Northwest Avenue

    Bellingham, WA 98225
    • $675,000
    • STATUS: Active
    • ON SITE: 138 days
    • ID#: 1743497
    $675,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Re/Max Whatcom County, Inc..

    Description

    Columbia Neighborhood 3 Unit Commercial Building. Currently leased to Checkmate Pawn @ $4,500 per month with the tenant paying all expenses including Taxes, Insurance, and Utilities, which provides an excellent rate of investment return with an 8 Capitalization Rate. The parcel of land is 9,612 SQFT. Current zoning is neighborhood Commercial which allows Mixed use Possibilities, with 2,000 SQFT of Commercial and up to 15 Apartment units. Adjacent 8 Unit Commercial Building may also be available if you are looking for a larger investment/project. The site is adjacent to iconic Yeagers Sporting Goods, located on a main North-South Arterial connecting to Downtown Bellingham. Excellent opportunity with current income & future possibilities.

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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 Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-02T00:14:26.297.

    www.bhgmckenzie.com/homes/115170944
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    3205 Northwest Avenue Bellingham, WA 98225

    • Price: $675,000
    • Status: Active
    • ID#: 1743497
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1946
    Built
    Neighborhood:
    Columbia
    County:
    Whatcom
    Area:
    Bellingham
    Property Description
    Columbia Neighborhood 3 Unit Commercial Building. Currently leased to Checkmate Pawn @ $4,500 per month with the tenant paying all expenses including Taxes, Insurance, and Utilities, which provides an excellent rate of investment return with an 8 Capitalization Rate. The parcel of land is 9,612 SQFT. Current zoning is neighborhood Commercial which allows Mixed use Possibilities, with 2,000 SQFT of Commercial and up to 15 Apartment units. Adjacent 8 Unit Commercial Building may also be available if you are looking for a larger investment/project. The site is adjacent to iconic Yeagers Sporting Goods, located on a main North-South Arterial connecting to Downtown Bellingham. Excellent opportunity with current income & future possibilities.
    Exterior Features

    Carport YN No Covered Spaces 0 Exterior Features Wood Open Parking YN No Parking Total 10 Parking Uncovered Total 10 Roof Flat Site Frontage 65 Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Flooring Concrete Furnished Unfurnished Heating Cooling Type Forced Air

    Property Features

    Building Features Storage Electric On Property YN No Gross Adjusted Income 51000 Gross Scheduled Income 54000 Insurance Expense 1478 Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 54000 Possible Use Commercial Power Production Type ElectricNatural Gas Property Condition Good Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 3477 Tax Year 2020 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Source Public Zoning Class Commercial 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 Better Homes and Gardens Real Estate McKenzie Group 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 Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-02T00:14:26.297.

     
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    Better Homes and Gardens Real Estate McKenzie Group
    19188 Eighth Avenue NE
    Poulsbo WA, 98370
    Listing Courtesy of Re/Max Whatcom County, Inc..