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1800 Place Apartments 1717 Texas St 22 Unité Immeuble d’appartements 6 020 705 $ CAD (273 668 $ CAD/Unité) 6,02% Taux de capitalisation Bellingham, WA 98229
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Faits saillants de l'investissement
- Attractive In-Place Yield: Offered at a 6.02% capitalization rate with $261,685 NOI
- Ample Parking: 30 total spaces, including 15 covered and 15 surface stalls
- In-Unit Laundry: All units feature in-unit laundry
- Well-Balanced Unit Mix: One- and two-bedroom units appealing to a broad tenant base
- Strong Submarket: Located in the Roosevelt neighborhood of Bellingham with proximity to major employers, education, and retail amenities
Résumé de l'annonce
Northmarq is pleased to present Texas Street Apartments, a 22-unit multifamily apartment community located in the Roosevelt neighborhood of Bellingham. Built in 1976 the property consists of two residential buildings totaling approximately 14,740 net rentable square feet and features a well-balanced mix of sixteen one-bedrooms and six two-bedroom units.
The current operations provided potential buyers with an opportunity for immediate cash flow at a 6.02% in-place Cap Rate. Current rents are approximately 4.27% below market, providing owners with an opportunity to move rents to market on turnover. New ownership has the opportunity to further push rents through continued interior renovations of units on turnover. The community features 30 total parking spaces, including 15 surface and 15 covered stalls.
Situated in the Roosevelt neighborhood of Bellingham, the property benefits from proximity to major employment centers including Western Washington University, PeaceHealth St. Joseph Medical Center, and downtown Bellingham. Residents also enjoy convenient access to popular retail and lifestyle amenities such as Bellis Fair Mall, local parks, and the city’s waterfront, as well as key transit corridors connecting the broader region. The area’s strong rental demand and limited new supply support long-term occupancy stability and value appreciation.
The current operations provided potential buyers with an opportunity for immediate cash flow at a 6.02% in-place Cap Rate. Current rents are approximately 4.27% below market, providing owners with an opportunity to move rents to market on turnover. New ownership has the opportunity to further push rents through continued interior renovations of units on turnover. The community features 30 total parking spaces, including 15 surface and 15 covered stalls.
Situated in the Roosevelt neighborhood of Bellingham, the property benefits from proximity to major employment centers including Western Washington University, PeaceHealth St. Joseph Medical Center, and downtown Bellingham. Residents also enjoy convenient access to popular retail and lifestyle amenities such as Bellis Fair Mall, local parks, and the city’s waterfront, as well as key transit corridors connecting the broader region. The area’s strong rental demand and limited new supply support long-term occupancy stability and value appreciation.
Faits sur la propriété
| Prix | 6 020 705 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 273 668 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,57 AC |
| Taux de capitalisation | 6,02% | Taille du bâtiment | 14 740 pi² |
| Nombre d’unités | 22 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1976 |
| Sous-type de propriété | Appartement | ||
| Zonage | RM2L5 | ||
| Prix | 6 020 705 $ CAD |
| Prix par unité | 273 668 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,02% |
| Nombre d’unités | 22 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,57 AC |
| Taille du bâtiment | 14 740 pi² |
| Nombre d’étages | 2 |
| Année de construction | 1976 |
| Zonage | RM2L5 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 16 | - | 640 |
| 2+1 | 6 | - | 750 |
1 1
Moyennement praticable à pied
60/100
Très facile d’accès en voiture
80/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 380320-357054-0000 | Évaluation des bâtiments | 2 359 002 $ CAD |
| Évaluation du terrain | 1 517 818 $ CAD | Évaluation totale | 3 876 820 $ CAD |
Impôts fonciers
Numéro de lot
380320-357054-0000
Évaluation du terrain
1 517 818 $ CAD
Évaluation des bâtiments
2 359 002 $ CAD
Évaluation totale
3 876 820 $ CAD
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1800 Place Apartments | 1717 Texas St
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