Skip To Content

    2222 Valencia Street

    Bellingham, WA 98229
    • $1,925,000
    • STATUS: Pending Inspection
    • ON SITE: 66 days
    • ID#: 1777351
    Under Contract
    UPDATED: 51 min ago
    $1,925,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Listing Courtesy of Windermere Real Estate Whatcom.

    Description

    10-unit apartment complex in prime rental district. (6) 1 bed/1 bath units and (4) 2 bed/1 bath units. All units include appliances and washer/dryers. Rental rates are COVID moratorium numbers and can only go up! This building has had over $170,000 in improvements in the last 5 years, including new metal roof, new hardie siding, all new handrails and decking and all new windows throughout. Additionally seller replaced water, sewer and storm pipes prior to new pavement being installed summer of 2020. Some units have had full remodels while others have had updates to appliances and flooring. Only 3 units left with original finishes.

    Monthly Payment Calculator



    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 Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-25T08:13:41.27.

    www.pugetsoundfivedoors.com/homes/117375533
    Print Image

    2222 Valencia Street Bellingham, WA 98229

    • Price: $1,925,000
    • Status: Pending Inspection
    • Updated: 51 min ago
    • ID#: 1777351
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    1981
    Built
    Neighborhood:
    Roosevelt
    County:
    Whatcom
    Area:
    Bellingham
    Elementary School:
    Buyer To Verify
    Middle School:
    Buyer To Verify
    High School:
    Buyer To Verify
    School District:
    Bellingham
    Property Description
    10-unit apartment complex in prime rental district. (6) 1 bed/1 bath units and (4) 2 bed/1 bath units. All units include appliances and washer/dryers. Rental rates are COVID moratorium numbers and can only go up! This building has had over $170,000 in improvements in the last 5 years, including new metal roof, new hardie siding, all new handrails and decking and all new windows throughout. Additionally seller replaced water, sewer and storm pipes prior to new pavement being installed summer of 2020. Some units have had full remodels while others have had updates to appliances and flooring. Only 3 units left with original finishes.
    Exterior Features

    Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Cement Planked Lot Features Paved Open Parking Spaces 17 Open Parking YN Yes Parking Total 17 Parking Uncovered Spaces 17 Roof Metal Structure Type Multi Family Style Code 56 - 10+ Units View YN No Waterfront YN No

    Interior Features

    Fireplace YN No Flooring LaminateVinyl Plank Foundation Details Poured Concrete Furnished Unfurnished Heating Cooling Type BaseboardWall Heating YN Yes

    Property Features

    Association Fee 0 Association Fee Frequency Annually Electric Expense 101 Electric On Property YN False Fuel Expense 0 Gross Scheduled Income 119100 Insurance Expense 3480 Irrigation Water Rights YN No Leased Items None Listing Terms Cash OutConventionalFha Net Operating Income 86448 New Construction YN No Possible Use IndustrialMulti-Family Power Production Type Electric Property Sub Type Multi-Family Sewer Sewer Connected Site Features DeckHigh Speed InternetPatio Special Listing Conditions None Tax Annual Amount 6003 Tax Year 2020 Total Expenses 32653 Units In Building Total 10 Utilities High Speed InternetSewer ConnectedElectricity Available Water Sewer Garbage 8404 Water Source Public Zoning Class IndustrialMulti-Family 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 Five Doors Real Estate 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 Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-25T08:13:41.27.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1777351-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1777351-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1777351-1.jpg
    Logo
    Five Doors Real Estate
    33434 8th Ave S, Ste 103
    Federal Way WA, 98003
    Listing Courtesy of Windermere Real Estate Whatcom.