13111327 11th Street, Bellingham, WA 98225
- $3,433,015
Listing courtesy of John L. Scott Bellingham.
- List Price
- $3,433,015
- Status
- ACTIVE
- MLS#
- 2504134
- Price Change
- ▼ $516,985 1778132904
- Days on Market
- 111
Property Description
Huge price reduction gives you a true 8% Cap Rate based on actual #s. This reflects the single unit currently vacant plus we deducted an additional 5% vacancy rate on top of that just to keep the underwriters happy. Or, you can assume the underlying mortgage (approx $1.28M) at 4.125% FIXED for the next 5 years. That is cheap money! Don't miss this chance to own a piece of historic downtown Fairhaven. 8 street-level commercial/retail condos split between the Waldron & Young Buildings encompassing Finnegan's Alley. Multiple addresses. 91.5% occupied. Total 19,820 sq feet with 14,275 rentable. All leases include escalations and are NNN. All #s are actual, not pro-forma. 8% cap rate. View units with discretion only. Do not disturb tenants. Sale also includes some underground parking rights.
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Additional Information
- Community
- Fairhaven
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 2008
- HOA Dues
- $1
- Potential Terms
- Assumable, Cash, Conventional
- Driving Directions
- I5 exit to Old Fairhaven Parkway. Right on 12th. Properties on left.
- Net Operating Income
- $297,977
- Cap Rate
- 6.75
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.