$15,000,000
Samish Flats
Listing Type: For Sale
Property Type: Multi-Family
Status: Available
CBA ID#: 669536
Property Type: Multi-Family
Status: Available
CBA ID#: 669536


Marketing Description:
Location!!! This property is inside the Samish Way Urban Village Plan. Built in 2021 Samish Flats luxury apartment homes offer all the modern amenities including w/d in units. Low vacancies can be attributed to the convenient location, near I-5, Western Washington University and local amenities. The 20 lower-level garage spaces offer additional income, plus additional surface parking is available. In addition to the tenants paying all utilities, the property has approx 5 years left on an 8-year tax abatement on the improvements. Be a part of the exciting redevelopment of the very popular Samish area.For more information regarding the Opportunity Zone please go to https://cob.org/services/planning/urban-villages/bellingham-opportunity-zonesLand Features:
- Lot Size: 27530 SqFt
- Lot Acreage: 0.63 Acres
- Zoning: UV
- Total Parking: 56
- Covered Parking: 20
- Uncovered Parking: 36
Building Features:
- Building Size: 38078 SqFt
- Number of Floors: 6
- Cap Rate: 7.46%
- Year Built: 2021
This Listing Supplied Courtesy of The Muljat Group Inc.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.