1116 Key St $1,450,000

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    1116 Key St Bellingham, WA 98225

    • 0.25 Acres
    • Commercial/Industrial
    Listing# 1460455 | Active

    $1,450,000

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    Days On Market: 95 0 Views
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    Property Details

    100% occupied building with Therapist and Medical tenants. Easy money making opportunity for the first time investor. This two story building comes with an Elevator, HVAC, 21 suites and Parking. Located in the high traffic area across the street from St. Joseph South Center.

    • General Features
      • County Whatcom
      • Zoning Class Commercial, Office
      • Zoning Jurisdiction City
      • Style 73-Office
      • Approx Building SqFt 5,874
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 5,874
      • Total Uncovered Parking 21
      • Total Covered Parking 0
      • Lot Dimensions 86 X 125 X 85 X 125
    • Building Features
      • Exterior Wood
      • Foundation Poured Concrete
      • Roof Composition
      • Floor Covering Vinyl, Wall-to-Wall Carpet
      • Features Elevator, Signage Included
      • Heating and Cooling Forced Air
    • Property Features
      • Lot Square Footage 10,711
      • Depth of Lot 125
      • Site Frontage 85
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 2516
      • Sewer Sewer Connected
      • Sewer Company City of Bellingham
      • Energy Source Natural Gas
      • Power Company Puget Sound Energy
      • Number of Available Pads 0
      • Pad Ready N
    • Financials
      • Free and Clear Y
      • Vacancy Rate 3
      • Total SqFt Rented 5,874
      • Total Monthly Rent $9,189
      • Gross Rent Multiplier 13
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $110,268
      • Gross Adjusted Income $106,960
      • Total Expenses $15,985
      • NOI $90,975
      • Electrical Expenses $2,956
      • Tax Expense $7,355
      • Heating Expense $908
      • Insurance Expense $2,250
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2019

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    Neighborhood

    98225 (Bellingham) Demographics

    29Median Age
    3,901Population Density (per sq. mile)
    52%College Educated
    $40,370 Estimated Median Income
    7,991Estimated Total Home Owners
    11,632Estimated Total Renters
    41% / 59%Estimated Owner / Renter Divide
    0Estimated Average Household Size
    49,240Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $412,325 Median Sales Price
    44 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,450,000
        5/20/2019 1:31:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.